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of <h1>Trade Deficit Narrows to $21.88B as Exports Dip 2.17% Amid Global Price Fluctuations and Sectoral Resilience</h1> India's exports contracted 2.17% to USD 38.73 billion in May due to falling global petroleum prices, while imports declined 1.7% to USD 60.61 billion. The trade deficit narrowed to USD 21.88 billion. Despite global uncertainties, export sectors like electronics, tea, and ready-made garments showed positive growth. The commerce ministry remains optimistic about trade prospects and is pursuing free trade agreements with several countries.
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