India Trade Deficit Widens To $31 billion In July

India’s exports dipped marginally by 0.76 per cent to USD 35.24 billion in July, though the trade deficit tripled to USD 31.02 billion during the month, according to official data revealed on Tuesday. This has been achieved despite measures to control inflation and the continued disruptions of supply chains due to Covid and Russia-Ukraine conflict, the commerce ministry noted. The imports in July went up to USD 66.26 billion from USD 46.15 billion in the corresponding month last fiscal. The trade deficit was 100.01 billion USD during April -July 2022-23.

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First Published: Wed, August 03 2022. 14:27 IST

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