Cumulative exports in April-June 2022-23 rose by about 22% to $116.77 billion
New Delhi, NFAPost: India’s merchandise exports in June rose by 17% year-on-year to $37.94 billion while the trade deficit ballooned to a record $25.63 billion, according to the government’s preliminary data.
Imports expanded by 51% to $63.58 billion in June compared to the year-ago period, the data showed. The trade deficit stood at $9.61 billion in June 2021.
Cumulative exports in April-June 2022-23 rose by about 22.22% to $116.77 billion while imports increased 47.31% to $187.02 billion during the period.
The trade deficit during the first three months of this fiscal widened to $70.25 billion from $31.42 billion in the year-ago period.
(Agencies)
