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of <h1>Trade Deficit Widens to $21.88 Billion as Exports Decline 2.17% and Imports Drop 1.7% in May 2023</h1> India's exports decreased by 2.17% to USD 38.73 billion in May, with imports declining 1.7% to USD 60.61 billion. The trade deficit reached USD 21.88 billion. During the first two months of the fiscal year (April-May), exports increased to USD 77.19 billion, while imports rose to USD 125.52 billion.
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