India's trade deficit widens to $15bn in July as imports outpace exports

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India's trade deficit expanded by 31.5% to $15 billion in July, driven by imports growing faster than exports. The cumulative trade gap also widened considerably over the first four months of the current fiscal year. Despite the deficit, merchandise exports recorded strong performance during the month. Electronics manufacturing emerged as a key growth driver, with exports surging nearly elevenfold. The boom in mobile phone production and exports also generated significant new employment opportunities.

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