…India’s Trade Deficit widens to 5-month high of $30.43 billion in June
NEW DELHI : A sharp rise in imports pushed India’s trade deficit to a five-month high in June, even as growth in merchandise exports remained healthy, according to commerce ministry data released on Monday. The merchandise trade deficit widened to $30.43 billion in June as exports fell faster than imports, weighed down by shipping disruptions in the Strait of Hormuz linked to Middle East conflict.
Exporters’ bodies have flagged concerns over global demand . . .
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