Imports, however, surged 43.6 per cent in July to $66.3 billion, driving up the trade deficit to a fresh monthly peak of $31 billion
Merchandise exports last month dropped 0.8 per cent from a year before, albeit on an unfavourable base, to $35.2 billion — the first monthly decline since February 2021 and compared with a 23.5 per cent year-on-year jump in June — showed preliminary data released by the Commerce Ministry on Tuesday.
Imports, however, surged 43.6 per cent in July to $66.3 billion, driving up the trade deficit to a fresh monthly peak of $31 billion. Sequentially, exports in July fell 12 per cent from June. FE
Source:indianexpress.com