India may see first monthly trade surplus in 18 years

India may see first monthly trade surplus in 18 years

India may register its first monthly trade surplus in over 18 years in June as the pace of contraction of exports is estimated to have slowed down to around 12%, while imports are seen to have fallen almost 49% during the month. Initial estimates for June, show a trade surplus of around $786 million, with imports pegged at $21.1 billion and exports at $21.9 billion.