India’s June exports shine through West Asia dark clouds; trade deficit widens to five-month high

Synopsis India’s goods exports increased by 15.5% in June, reaching $40.41 billion. However, the trade deficit expanded significantly to $30.43 billion due to higher imports. Oil, gold, and electronics imports drove this substantial increase in the trade deficit. Exports to West Asia showed moderate growth after earlier disruptions from regional conflicts. Free trade pacts and market diversification are boosting India’s overall export competitiveness. New Delhi: India’s goods exports rose 15.5% from a year earlier to $40.41 billion in June, but the trade deficit widened to a five-month high of $30.43 billion as imports grew faster, driven by oil, gold and…