https://www.taxtmi.com/news?id=73369 India's merchandise exports rose to a six-month high in May, while the trade deficit widened as import growth outpaced export growth, largely due to higher petroleum and gold imports and elevated crude prices. Export gains were led by electronic goods, petroleum products, engineering items and pharmaceuticals, while several sectors recorded negative growth. The report notes that exports to West Asia remained close to the previous year's level despite regional disruptions, and that easing geopolitical tensions and any reopening of the Strait of Hormuz would be positive for trade, shipping, freight stability and supply chains. en-us Mon, 15 Jun 2026 20:31:04 +0530 Mon, 15 Jun 2026 20:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73369 India's merchandise exports rose to a six-month high in May, while the trade deficit widened as import growth outpaced export growth, largely due to higher petroleum and gold imports and elevated crude prices. Export gains were led by electronic goods, petroleum products, engineering items and pharmaceuticals, while several sectors recorded negative growth. The report notes that exports to West Asia remained close to the previous year's level despite regional disruptions, and that easing geopolitical tensions and any reopening of the Strait of Hormuz would be positive for trade, shipping, freight stability and supply chains. News - Mon, 15 Jun 2026 20:31:04 +0530 https://www.taxtmi.com/news?id=73369