New Delhi: India’s merchandise exports in June grew by 23.52 per cent to USD 40.13 billion, whereas the commerce deficit ballooned to a file of USD 26.18 billion, in response to the federal government information launched on Thursday. Imports expanded by 57.55 per cent to USD 66.31 billion in June in comparison with the year-ago month, the info confirmed.
The commerce deficit stood at USD 9.60 billion in June 2021. (ALSO READ: Tata Consumer Products enters honey and preserves section through Himalayan model)
Cumulative exports in April-June 2022-23 rose by about 24.51 per cent to USD 118.96 billion, whereas imports elevated 49.47 per cent to USD 189.76 billion in the course of the interval. (ALSO READ: Need for blended finance, leveraging personal capital to realize SDGs: FM Sitharaman)
The commerce deficit in the course of the first three months of this fiscal widened to USD 70.80 billion from USD 31.42 billion within the year-ago interval.