<h1>India's Exports Rise by 5.40% in June 2024; Services Exports Surge 12.16% Amid Trade Deficit with Growing Imports.</h1> India's total exports are projected to grow by 5.40% in June 2024, with cumulative exports from April to June 2024 expected to increase by 8.60%. Merchandise exports in June 2024 rose by 2.55% to USD 35.20 billion compared to June 2023. Key contributors to this growth include engineering goods, electronic goods, and pharmaceuticals. Non-petroleum and non-gems jewelry exports saw an 8.48% increase. Total exports, including services, reached USD 65.47 billion in June 2024. Imports also grew by 6.29% to USD 73.47 billion. The trade balance showed a deficit, with imports surpassing exports. Services exports increased by 12.16% during April-June 2024.