India's May trade deficit narrows to $21.88 bn amid New Delhi's active FTA push

India's merchandise trade deficit saw a decrease in May, reaching $21.88 billion. This is an improvement from April's $26.42 billion. Economists had anticipated a higher deficit. Merchandise exports amounted to $38.73 billion. Imports totaled $60.61 billion. The government is actively pursuing Free Trade Agreements. These figures reflect a slight year-on-year decrease in both exports and imports.