India's Trade Deficit Widened in April

By Maria Martinez

India's trade deficit in April widened compared with the same month the previous year, government data showed Friday.

The trade deficit for April stood at $15.1 billion compared with a $6.76 billion deficit in April 2020.

Exports increased 195.7% from a year earlier to $30.63 billion, following a 60.3% increase in March. Imports rose 167.05% to $45.72 billion, following March's 53.7% rise.

India, Asia's third-largest economy, has been running a significant trade deficit for more than 15 years. The growth of exports in recent years has been offset by increased imports, mostly of energy and electronic goods.

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(END) Dow Jones Newswires

05-14-21 1104ET