India's exports decline by 4.36 per cent in June
India's exports decline by 4.36 per cent in JuneNew Delhi, Jul 12 (KNN) India’s exports, to which MSMEs contribute as much as 40 per cent, declined by 4.56 per cent in June owing to worsening demand in the global market.
Exports dipped to USD 23.79 billion in June as compared to USD 24.5 billion in May.
While, April-June exports stood at USD 72.5 billion, down 1.46 per cent year-on-year, June trade deficit remained at USD 12.24 billion, down from USD 20.14 billion in May.
“The trade deficit for April-June, 2013-14 was estimated at USD 50180.06 million which was higher than the deficit of USD 42216.73 million during April-June, 2012-13,” said an official release.
Gold and silver imports, during the month under review, declined to USD 2.45 billion as against USD 8.39 billion in May.
Meanwhile, imports during June, 2013 were valued at USD 36034.74 million representing a negative growth of 0.37 per cent in dollar terms and growth of 3.84 per cent in rupee terms over the level of imports valued at USD 36167.56 million in June 2012. (KNN)