India: Exports' healthy pace of expansion continues in June
July 17, 2014
The trade deficit totaled USD 11.8 billion in June, which was smaller than the USD 12.2 shortfall recorded in the same month last year. In the 12 months up to June, the trade deficit totaled USD 121.5 billion, which marked an improvement over the USD 121.9 billion shortfall seen in the 12 months up to May and represented the smallest shortfall since April 2011.
Exports expanded at a healthy 11.3% in June, which was a tad below the 12.4% rise seen in May. Imports rebounded in June and expanded at a strong 6.1% (May: -11.4% year-on-year), which marked the strongest expansion since April 2013.