Growth in India's merchandise exports fell to 2.6 per cent year-on-year in June from 13.5 per cent in May amid muted demand overseas.
They plummeted to a sevenmonth low in June to $35.2 billion, the data released by the Department of Commerce showed.
Merchandise imports expanded by 4.9 per cent to $56.18 billion due to a jump in inbound shipments of items such as petroleum products, electronic goods, and metals.
The trade deficit narrowed to $20.98 billion in June as compared to a seven-month high of $22 billion in May, but widened from the $19.2 billion in June last year.
Commerce Secretary Sunil Barthwal said if inflation fell globally and growth sustained, then trade would sustain. However, India will have to remain cautious of the existing geopolitical conflict or a new one if it arises.
Denne historien er fra July 16, 2024-utgaven av Business Standard.
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Denne historien er fra July 16, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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