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India's exports plunge for seventh straight month in June

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Reuters NEW DELHI

NEW DELHI (Reuters) - India's merchandise exports contracted for the seventh straight month in June, government data showed on Wednesday, marking a 16 percent drop year-on-year because of a slump in global demand.

The trade deficit widened to $10.82 billion last month from $10.41 billion in May, the data released by the Ministry of Commerce and Industry showed.

Imports fell 13.4 percent from a year earlier to $33.12 billion in June, while exports stood at $22.29 billion, the data showed.

(Reporting by Aditya Kalra)

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First Published: Jul 15 2015 | 6:02 PM IST

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