Brief by Shorts91 Newsdesk / 10:14am on 16 Jun 2026,Tuesday Business
India's merchandise exports climbed to a record high of $45.2 billion in May 2026, registering an 18% year-on-year increase driven by strong shipments of engineering goods, electronics and petroleum products. However, the country's trade deficit widened to $28.2 billion as imports rose more sharply by over 20% to $73.4 billion, fuelled by higher crude oil prices and increased purchases of petroleum products. Government data showed that while export growth remained robust despite global uncertainties, rising import bills continued to put pressure on the trade balance. Economists say sustaining export momentum will be crucial for India's external sector outlook.
