Exports jump by 48.34 %, imports 98.31 % in June

Exports jump by 48.34 %, imports 98.31 % in June

On account of healthy growth in shipments of petroleum products, gems and jewelry, chemicals and engineering goods, India’s exports rose by 48.34 percent to a value of $32.5 billion in June 2021, while imports increased by 98.31 percent to $41.87 billion, leaving a trade deficit of $9.37 billion as against a trade surplus of $0.79 billion in the same month last year, as per the latest data released by the Commerce Ministry.

During April-June 2021, exports increased by 85.88 percent to $95.39 billion. Imports expanded to $126.15 billion during the first three months of the fiscal as against $60.44 billion in the same period last year, the data showed. Trade deficit during the quarter was aggregated at $30.75 billion, as per a report

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source - eximin.net