economy retail inflation US trend tariffs
Retail inflation hits a six-year low, exporters await clarity on US tariffs, and food prices fall—Google Trends reveals the top five economic terms driving search interest in India this July.
India’s economy is seeing a mix of encouraging and cautious signals in the month of July, from tumbling inflation and narrowing trade deficits to global tariff challenges. As retail inflation hits a six-year low and hopes to rise for further rate cuts, exporters are bracing for the impact of Us tariffs . With India 🇮🇳–Us trade talks still underway and the deadline for a steep 26 per cent duty approaching, here are five key topics that have trended on Google over the past month.
Export: India’s exports hit seven-month low despite US demand
According to the June trade data India’s exports stood at $35.14 billion in June, 9 per cent lower than the previous month. The dip was the lowest since November even though the shipments to the US surged over 23 per cent year-on-year, reaching $8.27 billion despite higher tariffs.
India’s overall trade in services showed an estimated surplus of $15.62 billion in June, with services exports at $32.84 billion and imports at $17.58 billion, data showed.
Meanwhile, India’s trade deficit narrowed sharply to $18.78 billion in June, marking a four-month low, primarily driven by a steep decline in imports. June imports fell to $53.92 bn, down nearly 3.7% from May, with crude oil imports dropping to $13.7 bn and gold to $1.8 bn.
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