New Delhi: High oil prices widened India’s May trade deficit even as exports rose by 20.18 per cent to $28.86 billion from $24.01 billion worth of merchandise shipped out during the corresponding month of last year. According to data released by the Ministry of Commerce and Industry on Friday, petroleum[Read More…]
Tag: trade deficit
India’s February trade deficit at $12 bn takes steep fall
New Delhi: India’s trade deficit in February at $12 billion narrowed from an over a four-year high of the previous month at $16.3 billion, as exports picked up while imports moderated, official data showed on Thursday. Indian exports in January had plunged nearly 10 per cent to $24.38 billion. According to[Read More…]