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    <title>INDIA’S FOREIGN TRADE: June 2018</title>
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    <description>Merchandise exports in June 2018 and cumulatively for April-June 2018-19 rose year on year in dollar and rupee terms, with non petroleum and non gems &amp; jewellery exports also increasing. Imports grew faster, led by a substantial rise in oil imports linked to higher Brent prices; non oil imports increased modestly. Services receipts and payments for May 2018 both declined in dollar terms, though services registered a net export. Overall, the combined merchandise and services trade deficit for April-June 2018-19 widened versus the prior year.</description>
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