Current Affairs - Economy - Discussion

India's merchandise trade deficit reached $30.43 billion in June 2026, compared to $19.10 billion in June 2025, reflecting a year-on-year increase of 59%. During the month, merchandise exports stood at $40.41 billion, while imports were significantly higher at $70.84 billion, resulting in a wider trade gap. The increase was driven by elevated import costs, weaker export momentum compared to the previous month, and challenging global economic conditions. A persistently high trade deficit can put pressure on the current account, currency stability, and inflation, making trade policy and export growth key priorities.