Exports Rise 16.78% to USD 37.94 Billion in Jun 2022; Trade Deficit at Record USD 25.63 Billion
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.
New Delhi, July 4: 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. FPIs Withdraw Rs 50,203 Crore From Indian Equity Market in June 2022, Highest Net Outflow.
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. 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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