Exports rise 23.52% to $40.13 billion in June; commerce deficit at document $26.18 billion

India’s merchandise exports in June grew by 23.52 per cent to USD 40.13 billion, whereas the commerce deficit ballooned to a document of USD 26.18 billion, in accordance with 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 information confirmed.

The commerce deficit stood at USD 9.60 billion in June 2021.

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 through the interval.

The commerce deficit through the first three months of this fiscal widened to USD 70.80 billion from USD 31.42 billion within the year-ago interval.

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