India’s Trade Deficit Widens To A Record High In June

India’s trade deficit widened in June as exports moderated and imports continued to rise sequentially. The trade deficit rose to $25.6 billion in June, a record high, compared with $24.3 billion in the preceding month, according to preliminary data by the Ministry of Commerce and Industry on Monday.Exports rose 16.8% year-on-year to $37.9 billion. On a month-on-month basis, exports fell 2.6%.Imports rose 51% year-on-year to $63.6 bil…

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