India's merchandise trade deficit in July stood at $20.67 billion, according to a Reuters calculation based on export and import data released by the government on Monday.
Merchandise exports stood at $32.25 billion, while imports were $52.92 billion in July, the government data showed. The previous month, merchandise exports were $32.97 billion, while imports stood at $53.10 billion.
India has been gorging on Russian oil since the West imposed sanctions on Moscow for its invasion of Ukraine, helping it climb from the position of 18th biggest supplier of goods to India before the war.
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