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India's merchandise exports growth falls to 2.6% in June from 13.5% YoY
July 16, 2024
|The Morning Standard
IN view of global slowdown, the country's merchandise exports increased only by 2.6% year-on-year in June, a significant decrease from the 13.5% growth witnessed in May, according to the commerce ministry data released on Monday.
The total value of exports in June hit a seven-month low at $35.2 billion. Meanwhile, merchandise imports in June increased by 4.9% to reach $56.18 billion. This growth was driven by a rise in imports of goods like petroleum products, electronic items, and metals, among others.
In June, the trade deficit in India decreased to $20.98 billion from a seven-month high of $22 billion in May.
هذه القصة من طبعة July 16, 2024 من The Morning Standard.
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