Trade deficit for 2017-18 fiscal year ending in March grew to $156.8 bn from $105.72 bn in previous year
Dispute between Trump and Western allies at the Group of Seven summit last month is a gift to Beijing because it showed European leaders losing a long-time ally, at least in trade policy. (Representational Image)
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.
( Source : reuters )
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