English Article

On India’s trade policy focus

India’s goods exports rose for the third successive month this June, growing 2.55% to $35.2 billion. Imports grew 5% to $56.2 billion, receding from May’s seven-month peak of nearly $62 billion. The trade deficit, despite rising 9.4% from last June, has cooled slightly from the previous month. The oil deficit, which had hit a record $13 billion in May, remains a worry despite narrowing to $10 billion. Petroleum exports fell 18.3% to $5.5 billion, and were below May’s tally by almost the same extent.