India's exports up 17.57 pct at $27.7 bn in June; trade deficit widens to 43-month high
The trade deficit in June 2018 is the highest since November 2014 when the gap was USD 16.86 billion. The deficit in June 2017 stood at USD 12.96 billion. During April-June this fiscal, exports rose by 14.21 per cent to USD 82.47 billion.
India's exports soared by 17.57 per cent to USD 27.7 billion in June but the trade deficit widened to a more than three-and a-half-year high of USD 16.6 billion due to costlier crude oil imports. Image source: Reuters