India's merchandise exports in May rose by 20.55 per cent to$38.94 billion, while the trade deficit ballooned to a record $24.29 billion, according to the government data released on Wednesday, June 15, 2022.
Imports during May 2022 grew by 62.83 per cent to $63.22 billion, the data showed.
The trade deficit stood at $6.53 billion in the same month last year.
