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India’s June trade deficit in line with expectations
India’s merchandise trade deficit in June was in line with expectations at $20.13 billion, according to a Reuters calculation based on export and import data released by the government on Friday. Merchandise exports stood at $32.97 billion, while imports were $53.10 billion in June. In the previous month, merchandise exports were $34.98 billion, while imports stood at $57.10 billion. Economists expected a June trade deficit of $20.10 billion, according to a Reuters poll. India’s exports remained weak for several reasons including a slowdown in the world’s major economies, Trade Secretary Sunil Barthwal told ... (full story)