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The Economic Times
The Economic Times

India's trade deficit narrows slightly to $28.21 billion in May as petroleum exports cushion energy import blow

India's merchandise trade deficit narrowed marginally to $28.21 billion in May, as a windfall from higher petroleum exports helped offset the strain of elevated energy-driven imports amid turmoil in the Middle East.

The country had reported a widened trade deficit of $28.38 billion in April.

Government data showed merchandise exports increased to $45.2 billion in May from $43.56 billion a month earlier, even as imports rose further to $73.41 billion after touching a six-month high of $71.94 billion in April.

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