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India Trade Gap Shrinks as US-Iran Hormuz Deal Lifts Outlook
Key Points
India Trade Gap Shrinks as US-Iran Hormuz Deal Lifts Outlook India’s trade deficit narrowed in May, while an interim US-Iran deal to reopen the Strait of Hormuz brightened the outlook after months of shipping disruptions. India’s foreign merchandise trade deficit narrowed to $28.21 billion in May from $28.38 billion a month earlier, according to data from the Ministry of Commerce & Industry Monday. The reading compared with a median forecast for a $27.2 billion deficit in a Bloomberg survey...
India Trade Gap Shrinks as US-Iran Hormuz Deal Lifts Outlook
India’s trade deficit narrowed in May, while an interim US-Iran deal to reopen the Strait of Hormuz brightened the outlook after months of shipping disruptions.
India’s foreign merchandise trade deficit narrowed to $28.21 billion in May from $28.38 billion a month earlier, according to data from the Ministry of Commerce & Industry Monday. The reading compared with a median forecast for a $27.2 billion deficit in a Bloomberg survey of economists.