- Import and Export
- 08 June 2021
India's Trade Deficit Hit An Eight-Month Low Count
India’s trade deficit, as seen in the data officially released on Wednesday, appears high as domestic demand for several goods and services surged. Preliminary data released by the Commerce and Industry Ministry showed the trade deficit of May 2021 widened to $6.32 Billion from the previous year trade deficit of May 2020 as $3.62 Billion. India import export data shows that imports of the country in the year 2021 have risen up much faster than previous year as domestic demand and demand for raw materials as well is on the top.
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