India's trade deficit widened sharply to $26.42 billion in April, up from $21.54 billion in March. For the previous month, India's trade deficit widened sharply to $21.54 billion in March, up from a three-year low of $14.05 billion in February. Imports were up 19.12% to $64.91 billion in April as against $54.49 billion in same month last year, according to government data. While exports for the month of April were up 9.03% y-o-y to $38.49 billion. Economists had expected the April trade deficit to be $20 billion, according to a Reuters poll. (full story)