India News | Exports Fall 12.41 Pc, Imports by 47.5 Pc in June
Get latest articles and stories on India at LatestLY. Contracting for the fourth straight month, India's exports declined by 12.41 per cent to USD 21.91 billion in June mainly due to drop in shipments of petroleum, textiles, engineering goods, and gems and jewellery items.
New Delhi, Jul 15 (PTI) Contracting for the fourth straight month, India's exports declined by 12.41 per cent to USD 21.91 billion in June mainly due to drop in shipments of petroleum, textiles, engineering goods, and gems and jewellery items.
Imports too plunged 47.59 per cent to USD 21.11 billion in June, leaving a trade surplus of USD 0.79 billion, compared to a deficit of USD 15.28 billion in the same month of the last year, according to the data released by the Commerce and Industry Ministry on Wednesday.
During April-June 2020, exports fell by 36.71 per cent to USD 51.32 billion, while imports shrank by 52.43 per cent to USD 60.44 billion.
The trade deficit stood at USD 9.12 billion during the two months of the current fiscal.
Oil imports dipped 55.29 per cent to USD 4.93 billion in June. Gold imports in June plunged by 77.42 per cent to USD 608.7 million.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)