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India's June merchandise exports up 48.34per cent y/y - govt

India's merchandise exports rose for the seventh straight month in June to US$32.50 billion, up 48.34per cent from a year earlier, revised trade data released by government showed on Thursday.

India's June merchandise exports up 48.34per cent y/y - govt

FILE PHOTO: Cargo containers are seen stacked outside the container terminal of Jawaharlal Nehru Port Trust (JNPT) in Mumbai, India, July 15, 2015. REUTERS/Shailesh Andrade/File Photo

NEW DELHI: India's merchandise exports rose for the seventh straight month in June to US$32.50 billion, up 48.34per cent from a year earlier, revised trade data released by government showed on Thursday.

Imports in June rose 98.31per cent to US$41.87 billion, driven by a rise in oil and gold imports, resulting in a trade deficit of US$9.37 billion, a statement from the Ministry of Commerce and Industry said.

(Reporting by Manoj Kumar; Editing by Kevin Liffey)

Source: Reuters

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