India's trade deficit narrows to USD 13 billion in June

 Reuters   New Delhi     Last Updated: July 14, 2017  | 00:00 IST
India's trade deficit narrows to USD 13 billion in June

India's trade deficit narrowed more-than-expected to USD 12.96 billion in June as gold imports nearly halved from a month earlier, government data showed on Friday.

Economists in a Reuters poll had predicted that trade deficit would decline to USD 12.5 billion in June compared with a provisional USD 13.84 billion in the previous month.

Gold imports declined to USD 2.45 billion from almost USD 5 billion a month ago.

Merchandise exports for June came in at USD 23.56 billion, up 4.39 percent from a year ago. Goods imports for the month were USD 36.52 billion, up 19.01 percent from a year ago, data from the commerce and industry ministry showed.


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