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India's Goods, Services Imports Rise Around 27% in June

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India's total imports of goods and services increased 26.9% year over year to an estimated $88.8 billion in June, according to data released by the Ministry of Commerce and Industry on Monday.

Of the total, merchandise imports rose to $70.8 billion in June from $54.1 billion a year earlier, while services imports increased to $17.9 billion from $15.9 billion.

Total exports in the reporting month rose 9.5% year on year to an estimated $73.5 billion, resulting in an increase in trade deficit to $15.3 billion from $2.9 billion.

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