Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Why India’s trade deficit rose to a record high in June -MG Arun     </title>
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Higher import values of crude and petroleum products, coal, coke and electronic goods have contributed to the rise

India&rsquo;s trade deficit&mdash;the difference between the value of its imports and exports&mdash;rose to a record $25.6 billion this June (about Rs 2 lakh..."/>
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Higher import values of crude and petroleum products, coal, coke and electronic goods have contributed to the rise

India&rsquo;s trade deficit&mdash;the difference between the value of its imports and exports&mdash;rose to a record $25.6 billion this June (about Rs 2 lakh..." />
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    <h1 class="cat-box-title">Why India’s trade deficit rose to a record high in June -MG Arun </h1>
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                            <p>-IndiaToday.in</p><p><em>Higher import values of crude and petroleum products, coal, coke and electronic goods have contributed to the rise</em></p><p>India&rsquo;s trade deficit&mdash;the difference between the value of its imports and exports&mdash;rose to a record $25.6 billion this June (about Rs 2 lakh crore), almost three times the figure for the same month last year ($9.61 billion, or about Rs 76,000 crore). The spike was primarily driven by the import cost of petroleum, coal and gold and slower exports. Data released by the Centre on July 4 showed India&rsquo;s merchandise exports in June rose 16.8 per cent year-on-year to $37.9 billion (Rs 3 lakh crore), slower than the 20.5 per cent registered in May. Imports, however, jumped 51 per cent to $63.58 billion (Rs 5 lakh crore). India&rsquo;s trade deficit during the first three months of this fiscal year widened to $70.25 billion (Rs 5.5 lakh crore) from $31.42 billion (Rs 2.5 lakh crore) in the year-ago period. A country&rsquo;s trade deficit is almost always the largest component of its current account deficit (CAD), which includes other figures, such as international investment.</p><p>The primary reason for the widening of the trade deficit was the higher import value of crude and petroleum products, coal, coke and electronic goods, among others. The total value of petroleum products and crude imported in June this year stood at $20.73 billion (Rs 1.6 lakh crore) compared to $10.67 billion (Rs 84,000 crore) in June 2021. Coal and coke imports this June stood at $6.41 billion (Rs 50,000 crore) compared to $1.87 billion (Rs 15,000 crore) in June 2021. This was followed by electronic goods ($5.83 billion/ Rs 46,000 crore compared with $4.6 billion/ Rs 36,000 crore a year ago), machinery ($3.62 billion/ Rs 28,500 crore compared with $3.18 billion/ Rs 25,000 crore a year ago) and chemicals ($3.35 billion/ Rs 26,500 crore compared with $2.45 billion/ Rs 19,300 crore in June 2021).</p><p>Please <a href="https://www.indiatoday.in/india-today-insight/story/why-india-s-trade-deficit-rose-to-a-record-high-in-june-1971035-2022-07-06" title="https://www.indiatoday.in/india-today-insight/story/why-india-s-trade-deficit-rose-to-a-record-high-in-june-1971035-2022-07-06">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.indiatoday.in/india-today-insight/story/why-india-s-trade-deficit-rose-to-a-record-high-in-june-1971035-2022-07-06" class="re" target="_blank">IndiaToday.in, 6 July, 2022, https://www.indiatoday.in/india-today-insight/story/why-india-s-trade-deficit-rose-to-a-record-high-in-june-1971035-2022-07-06</a><div class="clear"></div>
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Higher import values of crude and petroleum products, coal, coke and electronic goods have contributed to the rise

India&rsquo;s trade deficit&mdash;the difference between the value of its imports and exports&mdash;rose to a record $25.6 billion this June (about Rs 2 lakh..."/>
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    <h1 class="cat-box-title">Why India’s trade deficit rose to a record high in June -MG Arun </h1>
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                            <p>-IndiaToday.in</p><p><em>Higher import values of crude and petroleum products, coal, coke and electronic goods have contributed to the rise</em></p><p>India&rsquo;s trade deficit&mdash;the difference between the value of its imports and exports&mdash;rose to a record $25.6 billion this June (about Rs 2 lakh crore), almost three times the figure for the same month last year ($9.61 billion, or about Rs 76,000 crore). The spike was primarily driven by the import cost of petroleum, coal and gold and slower exports. Data released by the Centre on July 4 showed India&rsquo;s merchandise exports in June rose 16.8 per cent year-on-year to $37.9 billion (Rs 3 lakh crore), slower than the 20.5 per cent registered in May. Imports, however, jumped 51 per cent to $63.58 billion (Rs 5 lakh crore). India&rsquo;s trade deficit during the first three months of this fiscal year widened to $70.25 billion (Rs 5.5 lakh crore) from $31.42 billion (Rs 2.5 lakh crore) in the year-ago period. A country&rsquo;s trade deficit is almost always the largest component of its current account deficit (CAD), which includes other figures, such as international investment.</p><p>The primary reason for the widening of the trade deficit was the higher import value of crude and petroleum products, coal, coke and electronic goods, among others. The total value of petroleum products and crude imported in June this year stood at $20.73 billion (Rs 1.6 lakh crore) compared to $10.67 billion (Rs 84,000 crore) in June 2021. Coal and coke imports this June stood at $6.41 billion (Rs 50,000 crore) compared to $1.87 billion (Rs 15,000 crore) in June 2021. This was followed by electronic goods ($5.83 billion/ Rs 46,000 crore compared with $4.6 billion/ Rs 36,000 crore a year ago), machinery ($3.62 billion/ Rs 28,500 crore compared with $3.18 billion/ Rs 25,000 crore a year ago) and chemicals ($3.35 billion/ Rs 26,500 crore compared with $2.45 billion/ Rs 19,300 crore in June 2021).</p><p>Please <a href="https://www.indiatoday.in/india-today-insight/story/why-india-s-trade-deficit-rose-to-a-record-high-in-june-1971035-2022-07-06" title="https://www.indiatoday.in/india-today-insight/story/why-india-s-trade-deficit-rose-to-a-record-high-in-june-1971035-2022-07-06">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.indiatoday.in/india-today-insight/story/why-india-s-trade-deficit-rose-to-a-record-high-in-june-1971035-2022-07-06" class="re" target="_blank">IndiaToday.in, 6 July, 2022, https://www.indiatoday.in/india-today-insight/story/why-india-s-trade-deficit-rose-to-a-record-high-in-june-1971035-2022-07-06</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Why India’s trade deficit rose to a record high in June -MG Arun     </title>
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Higher import values of crude and petroleum products, coal, coke and electronic goods have contributed to the rise

India&rsquo;s trade deficit&mdash;the difference between the value of its imports and exports&mdash;rose to a record $25.6 billion this June (about Rs 2 lakh..."/>
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Higher import values of crude and petroleum products, coal, coke and electronic goods have contributed to the rise

India&rsquo;s trade deficit&mdash;the difference between the value of its imports and exports&mdash;rose to a record $25.6 billion this June (about Rs 2 lakh..." />
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                            <p>-IndiaToday.in</p><p><em>Higher import values of crude and petroleum products, coal, coke and electronic goods have contributed to the rise</em></p><p>India&rsquo;s trade deficit&mdash;the difference between the value of its imports and exports&mdash;rose to a record $25.6 billion this June (about Rs 2 lakh crore), almost three times the figure for the same month last year ($9.61 billion, or about Rs 76,000 crore). The spike was primarily driven by the import cost of petroleum, coal and gold and slower exports. Data released by the Centre on July 4 showed India&rsquo;s merchandise exports in June rose 16.8 per cent year-on-year to $37.9 billion (Rs 3 lakh crore), slower than the 20.5 per cent registered in May. Imports, however, jumped 51 per cent to $63.58 billion (Rs 5 lakh crore). India&rsquo;s trade deficit during the first three months of this fiscal year widened to $70.25 billion (Rs 5.5 lakh crore) from $31.42 billion (Rs 2.5 lakh crore) in the year-ago period. A country&rsquo;s trade deficit is almost always the largest component of its current account deficit (CAD), which includes other figures, such as international investment.</p><p>The primary reason for the widening of the trade deficit was the higher import value of crude and petroleum products, coal, coke and electronic goods, among others. The total value of petroleum products and crude imported in June this year stood at $20.73 billion (Rs 1.6 lakh crore) compared to $10.67 billion (Rs 84,000 crore) in June 2021. Coal and coke imports this June stood at $6.41 billion (Rs 50,000 crore) compared to $1.87 billion (Rs 15,000 crore) in June 2021. This was followed by electronic goods ($5.83 billion/ Rs 46,000 crore compared with $4.6 billion/ Rs 36,000 crore a year ago), machinery ($3.62 billion/ Rs 28,500 crore compared with $3.18 billion/ Rs 25,000 crore a year ago) and chemicals ($3.35 billion/ Rs 26,500 crore compared with $2.45 billion/ Rs 19,300 crore in June 2021).</p><p>Please <a href="https://www.indiatoday.in/india-today-insight/story/why-india-s-trade-deficit-rose-to-a-record-high-in-june-1971035-2022-07-06" title="https://www.indiatoday.in/india-today-insight/story/why-india-s-trade-deficit-rose-to-a-record-high-in-june-1971035-2022-07-06">click here</a> to read more.&nbsp;</p>                                                           
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Home हिन्दी

Why India’s trade deficit rose to a record high in June -MG Arun

Published on Jul 6, 2022   Modified on Jul 7, 2022

-IndiaToday.in Higher import values of crude and petroleum products, coal, coke and electronic goods have contributed to the rise India’s trade deficit—the difference between the value of its imports and exports—rose to a record $25.6 billion this June (about Rs 2 lakh crore), almost three times the figure for the same month last year ($9.61 billion, or about Rs 76,000 crore). The spike was primarily driven by the import cost of petroleum, coal and gold and slower exports. Data released by the Centre on July 4 showed India’s merchandise exports in June rose 16.8 per cent year-on-year to $37.9 billion (Rs 3 lakh crore), slower than the 20.5 per cent registered in May. Imports, however, jumped 51 per cent to $63.58 billion (Rs 5 lakh crore). India’s trade deficit during the first three months of this fiscal year widened to $70.25 billion (Rs 5.5 lakh crore) from $31.42 billion (Rs 2.5 lakh crore) in the year-ago period. A country’s trade deficit is almost always the largest component of its current account deficit (CAD), which includes other figures, such as international investment. The primary reason for the widening of the trade deficit was the higher import value of crude and petroleum products, coal, coke and electronic goods, among others. The total value of petroleum products and crude imported in June this year stood at $20.73 billion (Rs 1.6 lakh crore) compared to $10.67 billion (Rs 84,000 crore) in June 2021. Coal and coke imports this June stood at $6.41 billion (Rs 50,000 crore) compared to $1.87 billion (Rs 15,000 crore) in June 2021. This was followed by electronic goods ($5.83 billion/ Rs 46,000 crore compared with $4.6 billion/ Rs 36,000 crore a year ago), machinery ($3.62 billion/ Rs 28,500 crore compared with $3.18 billion/ Rs 25,000 crore a year ago) and chemicals ($3.35 billion/ Rs 26,500 crore compared with $2.45 billion/ Rs 19,300 crore in June 2021). Please click here to read more.

IndiaToday.in, 6 July, 2022, https://www.indiatoday.in/india-today-insight/story/why-india-s-trade-deficit-rose-to-a-record-high-in-june-1971035-2022-07-06

Tagged with: Trade Deficit Imports Exports Current Account Deficit Petroleum products and crude Coal coke electronic goods machinery Chemicals

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