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India's June exports shine through West Asia dark clouds; trade deficit widens to five-month high
India's goods exports increased by 15.5% in June, reaching $40.41 billion. However, the trade deficit expanded significantly to $30.43 billion due to higher imports. Oil, gold, and electronics imports drove this substantial increase in the trade deficit. Exports to West Asia showed moderate growth after earlier disruptions from regional conflicts. Free trade pacts and market diversification are boosting India's overall export competitiveness.
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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
