India: Merchandise trade deficit widens in July
Latest reading: In July, the trade balance was USD -32.0 billion, following a USD -30.4 billion reading in the prior month. Over the last 12 months, the trade balance summed to USD -355.5 billion.
Merchandise exports increased 19.4% in annual terms in July, following 15.5% growth in the previous month. July’s reading was the strongest since June 2022. Merchandise imports were up 17.4% in year-on-year terms in July, following 31.0% growth in the previous month.