 "India exports fall 36.47% to $19.05 bn in May, trade deficit of $3.15 bn")
Contracting for the third straight month, India's exports declined 36.47 per cent in May to $19.05 billion, mainly on account of drop in shipments by key sectors such as petroleum, textiles, engineering, gems and jewellery.
Imports too plunged 51 per cent to $22.2 billion in May, leaving a trade deficit of $3.15 billion, compared to $15.36 billion in the same month previous year, according to the data released by the Commerce and Industry Ministry.
During April-May 2020, the exports fell 47.54 per cent to $29.41 billion, while imports shrank by 5.67 per cent to $39.32 billion.
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