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Investing.com -- India’s merchandise trade deficit expanded to $27.35 billion in July, significantly exceeding economist expectations, according to government data released on Thursday.
The July deficit was substantially higher than the $18.78 billion recorded in June, representing a sharp month-over-month increase.
Economic analysts had projected a July trade deficit of $20.35 billion, making the actual figure approximately $7 billion above forecasts.
The government released the export and import data that formed the basis for these calculations on Thursday, though specific details about the factors driving the wider-than-expected deficit were not immediately available in the report.
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