India’s goods exports up 18% to $45.2 bn in May

India's merchandise exports reached a record $45.2 billion in May. Imports also grew, leading to a trade deficit of $28.21 billion. Commerce Secretary Rajesh Agrawal expressed optimism for FY27 if export momentum continues. The West Asia crisis impacted March exports, but recovery is noted. India's export base has expanded significantly over 12 years.