India’s exports rise 18% in May; trade deficit at $28.2 billion

India’s merchandise exports surged 18% to $45.2 billion in May, with cumulative exports for April-May reaching $88.91 billion, a 16.09% increase. Despite geopolitical shifts, exports to West Asia remained stable. Gold imports saw a significant 60% jump. Officials anticipate a strong year for Indian exports, buoyed by current positive trends.