India's Exports Rise to USD 35.2 Billion in June

In June 2024, India's exports registered a notable rise, reaching USD 35.2 billion, reflecting a 2.56% increase compared to previous months. However, concurrently, the trade deficit expanded to USD 20.98 billion. The surge in exports was driven by sectors such as oil and gas, which played a significant role in boosting the overall export figures. Despite the positive growth in exports, the widening trade deficit highlights ongoing challenges in maintaining balance between import and export volumes. This dynamic underscores the need for continued strategic measures to enhance export competitiveness and curtail import dependencies, thereby fostering a more sustainable trade environment for India's economy.

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