India’s trade deficit widens to two-and-a-half year high in May
Thu Jun 15 2017
Rajesh Sharma (2002 articles)

India’s trade deficit widens to two-and-a-half year high in May

NEW DELHI India’s trade deficit further widened to $ 13.84 billion in May, its highest in two-and-a-half years, on higher gold imports, government data showed on Thursday.

The deficit was $ 13.25 billion in April.

Gold imports surged to nearly $ 5 billion from $ 3.85 billion a month ago. Year-on-year, the import of the precious metal more than trebled.

Merchandise exports for May came in at $ 24.01 billion, up 8.32 percent from a year ago. Goods imports for the month were $ 37.86 billion, a gain of 33.09 percent from the same period last year, data from the commerce and industry ministry showed.


Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.


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