Powered by: Motilal Oswal
14/07/2023 6:29:03 PM | Source: IANS
India`s merchandise trade deficit fell to $20.13bn in June
News By Tags | #248 #610 #1033

India's trade deficit in merchandise trade slid to $20.13 billion in June from $22.1 billion in May, according to a Commerce Ministry data released on Friday. 

Merchandise exports in June was at $32.97 billion, while imports were $53.10 billion during the same month. During May, merchandise exports were $34.98 billion, while imports were at $57.10 billion. 

India's exports were down owing to slowdown in major economies of the world, commerce secretary Sunil Barthwal told mediapersons. 

Services exports in June were $27.12 billion, while imports were $15.88 billion. While in May, services exports were $25.30 billion and imports were $13.53 billion. 

For the April-June period of 2023, services and merchandise exports fell 7.3 per cent year-on-year to $182.7 billion, while imports fell 10.2 per cent to $205.29 billion. 

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here