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India's trade deficit climbed to its highest level in five months, driven by a sharp rise in imports. While exports continued to grow, led by electronics and engineering goods, the gains were outpaced by rising import costs. Crude oil and fertilizer imports recorded significant year-on-year increases in June. Gold imports, however, remained relatively stable during the period. Analysts now expect the country's current account deficit to widen over the course of the fiscal year.
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