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India's April trade deficit widens to USD 13.7 billion

REUTERS
Published : May 16, 2018, 8:28 am IST
Updated : May 16, 2018, 8:28 am IST

Trade deficit for 2017-18 fiscal year ending in March grew to $156.8 billion from $105.72 billion in the previous year.

Merchandise exports for April rose 5.2 per cent from a year ago to $25.9 billion.
 Merchandise exports for April rose 5.2 per cent from a year ago to $25.9 billion.

New Delhi: India’s trade deficit slightly widened to $13.72 billion in April from $13.25 billion a year ago, government data showed on Tuesday.

Merchandise exports for April rose 5.2 per cent from a year ago to $25.9 billion.

Goods imports last month were $39.6 billion, a gain of 4.6 percent from a year ago, data from the commerce and industry ministry showed.

The trade deficit for 2017-18 fiscal year ending in March grew to $156.8 billion from $105.72 billion in the previous year, mainly driven by a rising oil import bill - a growing concern for the central bank.

Tags: trade deficit, export, economy
Location: India, Delhi, New Delhi