India’s Exports Increased To $ 37.94 Billion In June

India’s exports increased to $ 37.94 billion in June, know how much the trade deficit.

The country’s exports of goods grew 16.78 percent year on year to $ 37.94 billion in June. During this, the trade deficit i.e. trade deficit also increased to a record $ 25.63 billion.

The country’s imports increased by 51 percent in June.

According to the preliminary export data released by the government on Monday, the country’s imports increased by 51 percent in June.

Compared to June 2021, the country imported $ 63.58 billion last month. With this, the country’s trade deficit increased to $ 25.63 billion in June 2022.

In June last year, the trade deficit stood at $ 9.61 billion.

India’s exports increased to $ 37.94 billion: The country’s exports grew by 22.22 percent in the April-June quarter.

The country’s exports grew 22.22 percent to $ 116.77 billion in the first three months of the current financial year i.e. April-June quarter. Imports grew 47.31 percent to $187.02 billion in the same period.

The country’s trade deficit reached $ 70.25 billion in the first quarter.

In this way, the country’s trade deficit reached $ 70.25 billion in the first quarter of the financial year 2022-23. It stood at $31.42 billion in the same quarter a year ago.

What is a trade deficit?

When a country imports more than exports, it is called a trade deficit, that is, if that country does not produce enough goods and services to meet the needs of its customers.

Then it has to import from other countries. On the contrary, if a country exports more than it imports, then it is called a trade surplus.

Petrol Diesel Prices: Crude oil became expensive by $ 3, check whether the prices of petrol and diesel also increased?

In the global market, the prices of crude oil have increased again during the last 24 hours. The price of Brent crude reached around $ 114 per barrel this morning, which was $ 111 on Monday morning.

Meanwhile, state-run oil companies have not made any change in the retail prices of petrol and diesel released on Tuesday morning.

Petrol is still getting Rs 96.72 a liter in Delhi. Companies have not increased their prices since April 6, while crude prices had gone up to $140 per barrel at one time.

On Tuesday morning, the price of Brent crude was $ 113.8 per barrel, which had reached $ 119 per barrel last week.