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India's May trade deficit widens to $24.29 billion - trade ministry

Published 06/15/2022, 03:28 AM
Updated 06/15/2022, 03:31 AM
© Reuters. FILE PHOTO: Labourers stand in a queue to load sacks of grocery items onto a supply truck at a wholesale market in Kolkata, India February 13, 2017. REUTERS/Rupak De Chowdhuri

© Reuters. FILE PHOTO: Labourers stand in a queue to load sacks of grocery items onto a supply truck at a wholesale market in Kolkata, India February 13, 2017. REUTERS/Rupak De Chowdhuri

NEW DELHI (Reuters) - India's May trade deficit widened to $24.29 billion from $6.53 billion a year ago, a government statement said on Wednesday.

May's trade deficit was pushed up by a surge in imports, which rose 62.83% year-on-year to $63.22 billion, while exports rose 20.55% to $38.94 billion, revised trade data released by the Ministry of Commerce and Industry showed.

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