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The trade deficit in India increased to $14.11 billion in March.

Trade Deficit In India

According to revised trade data released by the government on Thursday, India’s goods trade deficit increased to $13.93 billion in March from $9.98 billion the previous month.

The statistics shows that goods exports dropped 7.26 percent to $290.63 billion in the fiscal year that ended on March 31, while imports fell 18.02 percent to $398.18 billion.

According to the report, merchandise exports increased 60.29 percent to $34.45 billion in March from a year earlier, while imports increased 53.74 percent to $48.38 billion.

SOURCE: Economic Times 

Trade Deficit In India

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