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India’s Trade Deficit Widens on Higher Gold Import Bill
India’s trade deficit widened to a four-month high in April as strong domestic demand bumped up the nation’s import bill. The gap between exports and imports stood at $19.1 billion in April, Trade Ministry data showed Wednesday. The reading is higher than the $17.3 billion deficit forecast by economists in a Bloomberg survey. The trade deficit had shrunk to an 11-month low of $15.6 billion in March. The imports grew 10.3% from a year earlier to $54.09 billion in April, while exports rose 1.1% to $34.99 billion during the month. The inbound shipments were $57.28 billion in March, while outbound shipments stood at ... (full story)
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- Posted: May 15, 2024 7:10am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 583
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