Trade deficit widens to $26.1 billion in June due to increased imports

According to data released by the government, India’s exports grew 23.5 per cent to $40.13 billion in June, imports grew 57.5 per cent to $66.31 billion in June. This resulted in a trade deficit of $26.1 billion, which could pose a new headache for the Commerce Department.

India’s monthly trade deficit has been increasing for the past few months. It rose from $20.4 billion in April to $23.3 billion in May.

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