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Trade deficit widens to $16.6 billion

NEW DELHI:India’s exports soared by 17.57% to $27.7 billion in June but the trade deficit widened to 43-month high of $16.6 billion due to costlier crude oil imports.

New Delhi, July 13

India’s exports soared by 17.57% to $27.7 billion in June but the trade deficit widened to 43-month high of $16.6 billion due to costlier crude oil imports.

Imports too rose by 21.31% to $44.3 billion during the month, as per data of the commerce ministry. — PTI

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