The Hindu·3 min read·medium
Trade deficit jumps 430% in June 2026 due to surging oil, gold and electronics imports
T
T.C.A. Sharad Raghavan
✦AI Summary
India's trade deficit surged by 430% in June 2026 to $15.3 billion, driven by a significant increase in imports of crude oil, gold, and electronics. While exports grew by 9.5%, the rapid rise in import costs, influenced by geopolitical factors and domestic demand, outpaced export gains.
India’s trade deficit grew by 430% to $15.3 billion in June 2026 primarily due to high growth in merchandise imports, which were skewed by a spurt in the value of imports of crude oil, electronic and electrical goods, and gold, official data released on Monday (July 12, 2026) said.
economybusiness
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