India’s international trade expanded by 17% on a year earlier May, the 21st straight increase. A 20% rise in exports was well ahead of the 11% expected by economists and include a 34% surge in chemicals shipments. Import growth accelerated to 15% from 5% in April, due mostly to a 42% jump in crude oil imports. However all other imports climbed 8% after just 3% in the prior quarter including a 31% surge in machinery imports and 20% in electronics. That would suggest “Make in India” tariffs – which may still complicate trade negotiations across Asia – have not yet choked off trade growth.<...