1. The chasm between exports and imports has widened in the first quarter of this year, with the cumulative trade deficit already hitting $70 billion, translating into an average of $23.3 billion a month
  2. While Russia’s conflict with Ukraine has propped up commodity prices globally, the spillover effects of runaway inflation are hurting global growth prospects as well as trade demand. The ‘lacklustre’ exports in June reflect an underlying slowdown in external demand
  3. India is not alone as even super-exporter Germany recorded its first trade deficit in 30 years this May, albeit a minor one