India’s trade deficit hits 5-month high as imports surge

 India’s trade deficit reached a five-month high as imports surged significantly. Exports showed continued growth, but were overshadowed by increased import costs. Crude oil and fertilizer imports saw substantial year-on-year expansion in June. Electronics and engineering goods led export growth, while gold imports remained stable. Analysts anticipate a widening current account deficit for the fiscal year. India’s trade deficit reached a five-month high as imports surged significantly. Exports showed continued growth, but were overshadowed by increased import costs. Crude oil and fertilizer imports saw substantial year-on-year expansion in June. Electronics and engineering goods led export growth, while gold imports remained stable. Analysts anticipate a widening current account deficit for the fiscal year.