India: Trade deficit worsens to USD 20.1 bn in May - ICICI Bank : Treasury Research

- Exports contracted by 1.1% YoY in May as against 1.7% growth in April

- Imports grew at a slower pace of 7% YoY in May vs. prior reading of 11% YoY

- Trade deficit widened to USD 20.1 bn in May from USD 17.8 bn in the previous month

- Trade deficit likely to narrow in the coming months on lower global commodity prices and government measures to lower gold imports

Source : Equity Bulls

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