INSUBCONTINENT EXCLUSIVE:
New Delhi: India's exports soared by 17.57 per cent to $27.7 billion in June but the trade deficit widened to a more than three-and
a-half-year high of $16.6 billion due to costlier crude oil imports
Imports too rose by 21.31 per cent to $44.3 billion during the month, according to the data released by the commerce ministry
The trade deficit in June 2018 is the highest since November 2014 when the gap was $16.86 billion
Imports during the first quarter of the fiscal increased by 13.49 per cent to $127.41 billion, leaving a trade deficit of $44.94 billion
Exporting sectors, which helped to push the shipments in June include petroleum products, chemicals, pharmaceuticals, gems and jewellery,
Oil imports during the month were up by 56.61 per cent to $12.73 billion
Gold imports in June dipped by about 3 per cent to $2.38 billion.
