New Delhi, July 13 -- India's trade deficit widened to a five-month high of USD 30.43 billion in June, compared to USD 19.10 billion the same month last year, according to the data released by the Ministry of Commerce on Monday.
The trade deficit expanded as India's goods imports jumped 31 per cent year-on-year to USD 70.84 billion in June. The surge in imports is due to the price effect in commodities such as crude oil and gold.
Among key sectors, gems and jewellery exports jumped 34.64 per cent year-on-year to USD 2.41 billion, while engineering goods exports rose 20.74 per cent to USD 11.48 billion. Exports of organic and inorganic chemicals also registered robust growth of 19.42 per cent to USD 2.77 billion.
During the April-June qua...