India's exports inch up 2.77% in may; trade gap narrows

India's overall exports, combining merchandise and services, rose 2.77% year-on-year to $71.12 billion in May, up from $69.20 billion a year ago, according to Commerce Ministry data. While goods exports dipped slightly to $38.73 billion, services exports jumped to $32.39 billion. Imports eased to $77.75 billion, down from $78.55 billion, helping the trade deficit shrink to $6.62 billion from $9.35 billion. For April-May 2025-26, total exports touched $142.43 billion, marking a 5.75% annual rise, signaling resilience despite global headwinds.

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