Exports decline 22% to $32.97 bn in June

Exports in June dropped 22 per cent to $32.97 billion, mainly due to demand slowdown in the global markets from $42.28 bn a year earlier, according to the commerce ministry data.

Imports also declined 17.48 per cent to $53.10 billion in June.

Commerce Secretary Sunil Barthwal said trade sector growth is in the hands of global factors.

However, he said, the trade deficit during April-June improved by 7.9 pc to USD 57.6 billion from USD 62.6 bn in the same period last year.