India Insight:Trade deficit remains largely stable

What is in the details?

    Trade deficit remained largely stable in June: Monthly trade deficit stood atUS$10.8bn (6.2% of GDP annualized) in June compared to US$10.4bnregistered in May. However, on a three month trailing basis, trade deficitnarrowed to 6.2% of GDP annualised in June quarter compared to 6.9% ofGDP annualised registered in March quarter.

    Goods exports (in dollar terms) remained sluggish