India Exports May 2022: Record export of goods from India in May but increased trade deficit
Export
Highlights
- Trade deficit widens to record $24.29 billion
- Trade deficit stood at $6.53 billion in May 2021
- April-May imports up 45.42 per cent to $123.41 billion
India Exports May 2022: India’s merchandise exports grew by 20.55 percent to $38.94 billion in May 2022, while the trade deficit widened to a record $24.29 billion. This information was obtained from government data released on Wednesday. According to the data, during May 2022, imports grew by 62.83 percent to $ 63.22 billion. The trade deficit stood at $6.53 billion in May 2021.
Imports also increased to $123.41 billion
The cumulative exports during the month of April-May of the current financial year (2022-23) grew by about 25 per cent to reach US$ 78.72 billion. Imports grew 45.42 per cent to $123.41 billion in April-May 2022-23.
Global economy back on track after Corona
Economic experts say that the global economy is back on track after the Corona epidemic. This has increased the demand for the goods. India has also benefited from this. Due to this there has been an increase in exports.
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