India Trade Deficit Widens in July

  Published 11 months ago

India’s July exports rose modestly, but sharper import growth widened the trade deficit to $11.72 billion.

  • Merchandise exports rose 6% monthly, while imports spiked 20%, widening India’s July goods trade gap.
  • Services exports remained steady, while imports eased, still leaving the overall deficit higher than in June.
  • April-July saw stronger exports in engineering, electronics, and pharma, while petroleum and gems declined.

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