India’s merchandise trade deficit widens to $30.43 billion in June, increasing from $28.21 billion in the previous month, according to the two reports. The widening extends the deficit to a five-month high level. Economists expected a smaller deficit: a Reuters poll cited by one outlet forecasts June’s trade deficit at $26.63 billion. The data indicate a larger gap between imports and exports in June than both the prior month and market expectations. While the reports focus on the overall deficit figure and do not detail sector-wise or commodity-wise drivers, they consistently present the same headline numbers: the June deficit is $30.43 billion, up from $28.21 billion in May, and above the $26.63 billion median estimate from the Reuters poll. The coverage therefore aligns on the magnitude of the widening and the divergence from forecast figures.
India’s merchandise trade deficit widens to $30.43 billion in June
India’s merchandise trade deficit widens to $30.43 billion in June, increasing from $28.21 billion in the previous month, according to the two reports. The widening extends the deficit to a five-month...
- India’s merchandise trade deficit rises to $30.43 billion in June.
- The deficit increases from $28.21 billion in the prior month (May).
- The June deficit is reported as a five-month high.
- A Reuters poll forecasts June’s deficit at $26.63 billion, which is lower than the reported figure.
The trade deficit widened sharply to $30.43 billion in June from $28.21 billion a month ago
15 hours agoEconomists had expected trade deficit to be $26.63 billion in June, according to a Reuters poll, compared with a deficit of $28.21 billion in the previous month
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