India’s imports outpace exports, trade deficit expands to $30.4 billion

India’s merchandise imports surged thirty-one percent year-on-year in June. Exports also rose fifteen point five percent, while imports climbed sharply. The country’s trade deficit stood at thirty point four three billion dollars for the month. During the April-June quarter, exports increased fifteen point nine two percent. Imports during the same period rose nineteen point eight nine percent, widening the deficit.