{"id":2410,"date":"2019-06-22T01:58:01","date_gmt":"2019-06-22T01:58:01","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=2410"},"modified":"2019-07-07T06:10:45","modified_gmt":"2019-07-07T06:10:45","slug":"indias-trade-deficit-widened-to-usd-15-36-bn-in-may-month","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/indias-trade-deficit-widened-to-usd-15-36-bn-in-may-month\/","title":{"rendered":"India&#8217;s trade deficit widened to USD 15.36 bn in May month"},"content":{"rendered":"\n<p><strong>Ministry of Commerce<\/strong> reported that<strong>\u00a0India\u2019s trade\u00a0<\/strong>deficit<strong>\u00a0expanded to a six-month high of $15.4 billion<\/strong>\u00a0in May, with import growth outpacing export growth following a<strong>\u00a037% jump in gold imports.\u00a0<\/strong>Exports grew<strong>\u00a03.93% in the month of May,\u00a0<\/strong>while\u00a0<strong>imports rose 4.31%.\u00a0<\/strong><br><br><strong>Iran, China-US trade war:<\/strong><br> 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\u2019s current account deficit.<br><strong>China\u2019s exports<\/strong>\u00a0in May<strong>\u00a0increased by 1.1%,<\/strong>\u00a0while<strong>\u00a0imports fell by 8.5%<\/strong>. This lead to a significantly higher trade surplus of $41.65 billion than analysts projected.<br> The escalating trade war between the US and China have cast a shadow on India\u2019s prospects for higher exports. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ministry of Commerce reported that\u00a0India\u2019s trade\u00a0deficit\u00a0expanded to a six-month high of $15.4 billion\u00a0in May, with import growth outpacing export growth following a\u00a037% jump in gold imports.\u00a0Exports grew\u00a03.93% in the month of May,\u00a0while\u00a0imports rose 4.31%.\u00a0 Iran, China-US trade war: Out of six months in the past 7 months, the exports have been in low single digits [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":2411,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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