The data of India’s foreign trade (merchandise) for the month May 2015 was released on 16 June 2015 by the Union Ministry of Commerce & Industry. According to it, India’s trade deficit in May 2015 declined to 10.4 billion US dollars from 11.2 billion US dollars recorded in May 2014.
The trade deficit for April-May 2015 was estimated at 21.39 billion US dollars which was higher than the deficit of 21.32 billion US dollars during April-May 2014.
The decline in trade deficit came along with decline in exports and imports in May 2015 to 20.19 percent and 16.52 percent respectively.