NEW DELHI (Reuters) – India’s merchandise trade deficit in July stood at $20.67 billion, according to a Reuters calculation based on export and import data released by the government on Monday.
Economists expected a July trade deficit of $21 billion, according to a Reuters poll.
Merchandise exports stood at $32.25 billion, while imports were $52.92 billion in July, government data showed.
In the previous month, merchandise exports were $32.97 billion, while imports stood at $53.10 billion.
Services exports in July were $27.17 billion, while imports were $14.85 billion. In June, services exports were $27.12 billion and imports were $15.88 billion.
For the April-July period, services and merchandise exports fell about 6% year-on-year to $244.15 billion, while imports fell 11% to $272.41 billion.
(Reporting by Nikunj Ohri and Manoj Kumar; Editing by Muralikumar Anantharaman)
