Exports see nearly 50% jump to $33 bn in June; trade deficit at $9.37 bn

India was a net importer, with trade deficit of $9.4 bn vs $710-mn surplus last yr

Recording growth for the seventh month in a row, India's exports rose by 48.34 per cent to $32.5 billion in June on account of healthy growth in shipments of petroleum products, gems and jewellery, and chemicals, even as trade deficit stood at $9.37 billion, according to the official data.

Exports in June last year stood at $22 billion and $25 billion in June 2019. In May 2021, outward shipments were worth $32.27 billion and $31 billion in April this year, the data released by the Commerce Ministry on Thursday showed.

Imports in June too rose by 98.31 per cent to $41.87 billion,