India’s merchandise exports increase in July while the trade deficit widens, as imports grow faster than exports. Multiple outlets report that exports rise to $44.24 billion in July, up around 19.6% year-on-year, while imports reach about $76.22 billion, increasing roughly 17.5%. As a result, the month’s trade deficit expands to $31.98 billion, with the broader picture reflecting a larger gap between outbound and inbound shipments.

For the April–July period of the current fiscal year, one report says exports grow to $173.78 billion (up 17.04%) and imports rise to $292.38 billion (up 19.27%). Another outlet highlights that the wider deficit is driven by faster import growth. Commerce officials quoted in one summary attribute July export growth to stronger shipments of petroleum products, electronics, engineering goods and marine products, and note growth in exports to West Asia to $5.7 billion.

Outlets differ mainly in emphasis: some focus on the export and deficit figures, while another highlights electronics exports’ rise and related production and employment dynamics. Overall, all accounts point to higher exports alongside a larger trade gap in July and in the early months of the fiscal year.