Published 16:06 IST, July 15th 2024

India's exports rise by 2.56% to $35.2 billion in June

Imports increased by about 5% to $56.18 billion in June, up from $53.51 billion a year ago. This resulted in a trade deficit of $20.98 billion for the month.

Reported by: Business Desk
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India's merchandise exports saw a 2.56 per cent rise in June to $35.2 billion compared to $34.32 billion in the same month last year, according to government data released on Monday.

Imports increased by about 5 per cent to $56.18 billion in June, up from $53.51 billion a year ago. This resulted in a trade deficit of $20.98 billion for the month.

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Commerce Secretary Sunil Barthwal, while briefing the media on the data, mentioned that based on the current trend, India's total exports of goods and services could surpass $800 billion this fiscal year. He noted that exports of goods and services stood at approximately $200 billion during the first quarter of 2024-25.

In May, India's merchandise exports had risen by 9.1 per cent to $38.13 billion, despite the trade deficit widening to a seven-month high of $23.78 billion. For the April-June period of this fiscal year, exports increased by 5.84 per cent to $109.96 billion, while imports grew by 7.6 per cent to $172.23 billion.

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(With PTI inputs)

16:06 IST, July 15th 2024