Business Standard

India's April trade deficit widens to $15.33 bn, exports grow marginally

Oil imports grew by 9.26% to $11.38 billion and non-oil imports expanded by 2.78%

trade deficit
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Press Trust of India New Delhi
India's export growth slid to a four-month low of 0.64 per cent in April as shipments of engineering goods, gems and jewellery, leather and other products declined, widening the trade deficit to a five-month high, official data released Wednesday showed.

Imports increased by 4.5 per cent, the highest growth in the last six months as crude oil and gold shipments shot up in the month.

Merchandise exports stood at $26 billion in April while imports at $41.4 billion, leading to a trade gap of $15.33 billion, the widest deficit since November 2018, the trade data showed.

The country's merchandise exports were down because

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