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India's trade deficit widens to four-month high in March

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Reuters NEW DELHI
Last Updated : Apr 13 2017 | 6:23 PM IST

NEW DELHI (Reuters) - India's trade deficit widened to a four-month high of $10.44 billion in March following a surge in merchandise imports, government data showed on Thursday.

Merchandise exports last month grew 28 percent to $29.23 billion, the Ministry of Commerce and Industry said in a statement.

Imports, however, surged 45.25 percent on year to $39.67 billion in March.

(Reporting by Manoj Kumar and Rajesh Kumar Singh; Editing by Malini Menon)

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First Published: Apr 13 2017 | 6:05 PM IST

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