The country’s trade deficit increased to ₹ 1.98 lakh crore in May 2024. The trade deficit was ₹ 1.59 lakh crore in April 2024. According to the latest government data, the country’s merchandise exports increased to ₹ 3.18 lakh crore in May. Merchandise exports stood at ₹ 2.92 lakh crore in April 2024. Merchandise imports increased to ₹ 5.17 lakh crore in May, while merchandise imports increased to ₹ 5.17 lakh crore in May. At the same time, it was ₹ 4.52 lakh crore in April 2024. What is trade deficit? When the country’s imports exceed exports during a certain period, it comes under the category of trade deficit. It is also called negative balance of trade. In other words, when a country buys more than it sells, it is said to have a trade deficit.
