Supply Chain Research

India’s export growth slowed to 8% from 20% in May. That resulted in a trade deficit that was 11% higher than expected. This may decline in June as the year-over-year comparison in oil prices – India’s largest import – reverses to a drop. Exports to the U.S. are actually accelerating, and rose 13% in May, Panjiva data shows. That was driven by textiles and auto-parts including tires. The structure of Indian trade with the U.S. will come into focus when Prime Minister Modi meets President Trump on June 26.