Updated: July 4, 2022 7:35:25 pm
India’s merchandise exports in June rose by 16.78 per cent year-on-year to USD 37.94 billion while the trade deficit ballooned to a record USD 25.63 billion, according to the government’s preliminary data released on Monday.
Imports expanded by 51 per cent to USD 63.58 billion in June compared to the year-ago month, the data showed.
The trade deficit stood at USD 9.61 billion in June 2021.
Cumulative exports in April-June 2022-23 rose by about 22.22 per cent to USD 116.77 billion while imports increased 47.31 per cent to USD 187.02 billion during the period.
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The trade deficit during the first three months of this fiscal widened to USD 70.25 billion from USD 31.42 billion in the year-ago period.
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