India June Trade Gap Hits Record High On Rising Import Bill
Imports jumped 51.02% in June from a year ago, while exports rose 16.78%.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
India’s trade deficit widened the most on record last month as high global commodity prices further raised the import cost of goods such as oil and gold.
The gap between exports and imports rose to $25.63 billion in June, from $24.3 billion in May, preliminary data released by the Commerce Ministry showed Monday.