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India posted a trade surplus of USD 790 million in which month of 2020, after over 18 years?
A)
July
B)
June
C)
May
D)
April

Correct Answer : Option (B) - June


As per the recent data by the Ministry of Commerce and Industry, India posted a trade surplus of USD 790 million in June 2020.
This surplus has been recorded for the first time after over 18 years. Due to the Covid-19 induced decrease in domestic demand for crude oil, gold and other industrial products, the country’s import was deeply reduced. This led to a trade surplus with imports of USD 21.11 billion and exports of USD 21.91 billion.

Published On : July 18, 2021
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