IANS | 14 Jul, 2023
India's trade deficit in merchandise trade slid to $20.13 billion in
June from $22.1 billion in May, according to a Commerce Ministry data
released on Friday.
Merchandise exports in June was at $32.97
billion, while imports were $53.10 billion during the same month. During
May, merchandise exports were $34.98 billion, while imports were at
$57.10 billion.
India's exports were down owing to slowdown in
major economies of the world, commerce secretary Sunil Barthwal told
mediapersons.
Services exports in June were $27.12 billion, while
imports were $15.88 billion. While in May, services exports were $25.30
billion and imports were $13.53 billion.
For the April-June
period of 2023, services and merchandise exports fell 7.3 per cent
year-on-year to $182.7 billion, while imports fell 10.2 per cent to
$205.29 billion.
