India’s export
Good news has come from India’s export sector. According to the data released by the government, the country’s merchandise exports increased by 18% on an annual basis to reach $45.20 billion in May 2026. At the same time, imports also increased to 73.41 billion dollars, but meanwhile the trade deficit remained almost stable and was recorded at 28.21 billion dollars. Which was 28.38 billion dollars in April.
Commerce Secretary Rajesh Aggarwal said that May was among those months in which the highest monthly export growth was seen. He said that exports, which were earlier affected due to the Middle East crisis, are now showing recovery. Improvement has been recorded especially in exports to UAE, Saudi Arabia, Jordan and Yemen. This improvement has come at a time when an initial agreement has been announced towards reducing tension between America and Iran and hopes for the reopening of the Strait of Hormuz, important for energy supply, have increased. This may provide relief to the global supply chain and oil trade.
Aggarwal said that India’s export base has almost doubled in the last 12 years, while service exports have increased almost three times. The government hopes that export growth will gain further momentum after the implementation of the new Free Trade Deal (FTA). The government will also organize workshops in the states to extend the benefits of agreements signed with partners like UAE, Australia and European Free Trade Association to exporters.
Gold import has also increased
On one hand, there has been an increase in imports and exports in May. On the other hand, the import of gold has also increased. Gold imports increased by 60 percent to $9.04 billion during April-May.
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