Exports rise 2.56% to $35.2 bn in June despite global challenges

According to govt data, imports rose about 5% to 56.18 billion in June amid rise in inbound shipments of crude oil, pulses electronic goods

India’s merchandise exports in June increased 2.56 per cent to $35.2 billion despite global challenges, even as the trade deficit widened to $20.98 billion during the month.

According to the government data released on Monday, imports rose about 5 per cent to $56.18 billion in June due to the increase in inbound shipments of crude oil, pulses, and electronic goods.

The trade deficit, or the gap between imports and exports, during June 2023 was $19.19 billion.

India’s merchandise exports grew 9.1 per cent to $38.13 billion in May, even as the trade deficit widened to a sevenmonth high of $23.78 billion.