<p>India's merchandise exports in June rose by 16.78 per cent year-on-year to $37.94 billion while the trade deficit ballooned to a record $25.63 billion, according to the government's preliminary data released on Monday.</p>.<p>Imports expanded by 51 per cent to $63.58 billion in June compared to the year-ago month, the data showed.</p>.<p>The trade deficit stood at $9.61 billion in June 2021.</p>.<p>Cumulative exports in April-June 2022-23 rose by about 22.22 per cent to USD 116.77 billion while imports increased 47.31 per cent to USD 187.02 billion during the period.</p>.<p>The trade deficit during the first three months of this fiscal widened to USD 70.25 billion from USD 31.42 billion in the year-ago period. </p>
<p>India's merchandise exports in June rose by 16.78 per cent year-on-year to $37.94 billion while the trade deficit ballooned to a record $25.63 billion, according to the government's preliminary data released on Monday.</p>.<p>Imports expanded by 51 per cent to $63.58 billion in June compared to the year-ago month, the data showed.</p>.<p>The trade deficit stood at $9.61 billion in June 2021.</p>.<p>Cumulative exports in April-June 2022-23 rose by about 22.22 per cent to USD 116.77 billion while imports increased 47.31 per cent to USD 187.02 billion during the period.</p>.<p>The trade deficit during the first three months of this fiscal widened to USD 70.25 billion from USD 31.42 billion in the year-ago period. </p>