Goods exports rise 7%, but trade deficit at 8-month high

India's goods exports rebounded in July, increasing by 7.2% to $37.2 billion, ending a two-month slump, while imports surged by 14.7%. This led to a widened trade deficit of $27.4 billion, despite a decline in petroleum product exports. The growth was driven by electronics, gems & jewellery, engineering goods, and pharmaceuticals, with overall exports exceeding global export growth.