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India's commerce portfolio: Imports outpace exports, trade deficit expands to $30.4 billion
India's merchandise imports surged 31% year-on-year to $70.84 billion in June. Merchandise exports rose 15.5% to $40.41 billion during the month, while imports climbed sharply, driven by higher purchases of crude oil, electronics, machinery and precious metals, commerce secretary Rajesh Agarwal said during a press briefing on the trade data.
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economictimes.indiatimes.com
India's June trade deficit jumps 59% YoY to $30.43 bn
India's merchandise trade deficit widened to $30.43 billion in June from $28.21 billion in May, even as goods exports rose 15.5% year-on-year to $40.41 billion. In the April-June…
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thehindubusinessline.com
India's June merchandise trade deficit widens to $30.43 billion
Economists had expected trade deficit to be $26.63 billion in June, according to a Reuters poll, compared with a deficit of $28.21 billion in the previous month
