NEW DELHI – 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.
(Reporting by Manoj Kumar and Aftab Ahmed; Editing by Andrew Heavens)