BENGALURU -- India's trade gap with the U.S. narrowed in June on account of a surge in imports, according to data released Tuesday, as New Delhi works to ink a trade deal ahead of Washington's Aug. 1 deadline for new tariffs.
Surplus shrank 17.5% in June but sticking points in negotiations remain
A mobile crane carries a container at Deendayal Port in Kandla, in the western state of Gujarat, India, on April 5. © Reuters
BENGALURU -- India's trade gap with the U.S. narrowed in June on account of a surge in imports, according to data released Tuesday, as New Delhi works to ink a trade deal ahead of Washington's Aug. 1 deadline for new tariffs.