India’s merchandise exports have grown 2.55% in June to $35.2 billion. Picture for illustration functions solely. File
| Photograph Credit score: S. Siva Saravanan
India’s merchandise exports have grown 2.55% in June to $35.2 billion, whereas imports have risen 5% to $56.2 billion, Commerce Secretary Sunil Barthwal knowledgeable on July 15.
Complete merchandise and companies exports have hit a document excessive of $200.3 billion within the first quarter of 2024-25, he stated.
The commerce deficit, or the hole between imports and exports, in the course of the month underneath assessment stood at $20.98 billion.
Briefing media on the info, Mr. Barthwal stated going by the present pattern, the nation’s complete exports of products and companies could cross $800 billion this fiscal.
India’s merchandise exports rose by 9.1% to $38.13 billion in Might, even because the commerce deficit widened to a seven-month excessive of $23.78 billion.
Exports throughout April-June this fiscal elevated 5.84% to $109.96 billion, and imports grew 7.6% to $172.23 billion.
(With PTI inputs)
