India records $28 billion trade deficit in May; softer oil prices may ease pressure: Report
In May 2026, India's trade gap expanded to $28.21 billion, largely influenced by a rise in petroleum imports. However, analysts forecast a potential easing due to declining crude oil costs and higher duties on gold imports. Notably, exports have experienced robust growth across various sectors and regions, showcasing the resilience of the country's external economy.
In May 2026, India's trade gap expanded to $28.21 billion, largely influenced by a rise in petroleum imports. However, analysts forecast a potential easing due to declining crude oil costs and higher duties on gold imports. Notably, exports have experienced robust growth across various sectors and regions, showcasing the resilience of the country's external economy.
