India’s merchandise exports fall by 16 percent in June

New Delhi, July 15 (IANS) India’s merchandise exports declined further for the seventh straight month in June to $22.29 billion which was 15.82 percent lower than the $26.48 billion worth shipped in the like month of last year, official data showed on Wednesday.

According to the data furnished by the commerce and industry ministry, imports during the month under review fell by 13.40 percent at $33.12 billion.

Trade deficit during June declined by 7.95 percent on a year-on-year (YoY) basis and stood at $10.82 billion from $11.76 billion in the corresponding month of last year.

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