India May Trade Gap Widens as Weaker Global Demand Drags
Containers and cranes at the Port of Chennai in Chennai, India.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
India’s trade deficit widened last month after shrinking to a near two-year low in April as exports declined on weakening demand for goods in most parts of the world.
The gap between exports and imports rose to $22.12 billion in May, the widest in five months, the Trade Ministry said on Thursday. The reading is higher than a deficit of $16.5 billion seen by economists in a Bloomberg survey, and compares with a $15.24 billion gap in April.