At $95 Billion, Indian Reports Highest Ever Merchandise Exports In A Quarter, Trade Deficit At $9.4 Billion In June

Trade Deficit in June 2021: Trade deficit widened to $9.4 billion last month

The country reported its highest-ever merchandise exports at $95 billion in the first quarter of the current fiscal year, government data showed on Friday, July 2. The exports recorded in the April-June quarter is 85 per cent higher than the exports registered in the corresponding period last year. In June, the country’s trade deficit widened to $ 9.4 billion as exports rose by 47.34 per cent to $ 32.46 billion, driven by growth in sectors such as petroleum products, gems and jewellery, and engineering, according to data released by the commerce ministry today.

India was a net importer in June as the trade deficit widened by 1,426.6 per cent over the trade surplus of $0.71 billion in the same month last year, when the country was a net exporter.