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India's Trade Deficit Narrows Amid Muted Tariff Impact
The merchandise trade deficit stood at $21.88 billion in May, according to data published by the country's commerce ministry. That compared with the $22.09 billion recorded in the same month a year earlier. Exports fell by 2.2% on year to $38.73 billion, while imports ticked 1.7% lower to $60.61 billion.
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