India’s trade deficit widened to USD 15.36 bn in May month

Ministry of Commerce reported that India’s trade deficit expanded to a six-month high of $15.4 billion in May, with import growth outpacing export growth following a 37% jump in gold imports. Exports grew 3.93% in the month of May, while imports rose 4.31%. 

Iran, China-US trade war:
Out of six months in the past 7 months, the exports have been in low single digits which barred March when it grew in double digits. Rising crude oil prices, amid sanctions on Iranian oil imports, could further increase imports and put pressure on India’s current account deficit.
China’s exports in May increased by 1.1%, while imports fell by 8.5%. This lead to a significantly higher trade surplus of $41.65 billion than analysts projected.
The escalating trade war between the US and China have cast a shadow on India’s prospects for higher exports.

Take Mock Tests

Government Schemes Mock Test Start Test!
Political Science Mock Test – 42 Start Test
History Test – 190 Start Test
Quantitative Aptitude Test Start Test!
Data Interpretation - Mock Test Start Test!
General Awareness - Mock Test Start Test!
Reasoning Ability - Mock Test Start Test!

We will be happy to hear your thoughts

Leave a reply
Register New Account