Trade Deficit Widens To $14.62 Billion In May

INSUBCONTINENT EXCLUSIVE:
New Delhi: Merchandise exports in May rose 20.2 percent year-on-year, the trade ministry said on Friday, but the trade deficit widened to
$14.62 billion driven mainly by a 50 percent surge in oil imports despite higher global prices.Merchandise exports last month rose to $28.86
billion from a year ago, while imports rose 14.85 percent on year to $43.48 billion, the Ministry of Commerce and Industry said in a
statement
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