Despite global trade war, India managed to grow its exports in 2018

Despite a global trade war, India managed to grow its exports in 2018 but high crude prices and rising domestic demand continued to inflate the trade deficit at a faster rate.

The year started with monthly trade deficit soaring to a 56-month high. By October, it had risen to more than $153 billion. 

Despite reports of crippling capital inadequacy in the wake of the new Goods and Services Tax regime, double-digit export growth continued for half of the year.