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Trade deficit widens to over 5-year high in June

Reuters  |  NEW DELHI 

(Reuters) - India's trade deficit widened to its highest in more than five years in June, the trade ministry said on Friday, driven largely by a surge in

Though merchandise exports rose 17.57 percent year-on-year in June, the trade deficit widened to $16.6 billion due to a rise in that surged 56.61 percent to $12.73 billion.

In May the trade deficit stood at $14.62 billion.

Merchandise exports last month rose to $27.7 billion from a year ago, while imports rose 21.31 percent on year to $44.3 billion, the said in a statement.

India's gold imports fell 2.8 percent year-on-year to $2.39 billion in June from a year ago, the statement said.

(Reporting by and Manoj Kumar; Editing by Malini Menon)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 13 2018. 18:32 IST