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The Economic Times
The Economic Times

India's June trade deficit jumps 59% YoY to $30.43 bn

India Deficit Narendra Modi European Union Gulf Petroleum

India's merchandise trade deficit surged 59% year-on-year to $30.43 billion in June, up from $19.10 billion in the same month last year.

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.

Merchandise exports ⁠fell to $40.41 ‌billion in May from $45.2 billion in the previous ⁠month, government data showed, while imports fell to $70.84 billion against $73.41 billion in May.

ALSO READ | 'False, baseless': Piyush Goyal pushes back on India-US trade deal claims

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