BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
India’s imports grew 96% YoY to $41.86 billion in June 2021 while exports grew 47% YoY to $32.5 billion.
As a result, the country recorded a trade deficit of $9.4 billion in June 2021, down from a small surplus of $740 million in June 2020.
In sequential terms, imports grew 8.6% while exports grew 0.6%.
In YoY terms, there was a deterioration of $10.1 billion on the trade balance front (deficit of $9.4 billion in June 2021 from a surplus of $740 million in June 2020).
Out of this, higher imports contributed $20.5 billion while higher exports contributed $10.4 billion.
In sequential terms, trade deficit worsened by $3.1 billion (from $6.2 billion in May 2021).
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