Trade deficit for the month of April has widened to $15.33 billion, mainly on the back of increased imports and lower growth in exports.

India’s exports rose marginally by 0.64 per cent in April to USD 26 billion while imports increased by 4.5 per cent to 41.4 billion compared to the year-ago month, according to official data released Wednesday.

Trade deficit in 2018-19 increased to $176.42 billion, compared to $162.05 billion in the previous year, but deficit in March shrunk to $10.89 billion compared to $13.51 billion in March last year.

April gold imports is at $3.97 billion vs $3.27 billion in March, whereas oil imports stood at $11.38 billion vs $11.75 billion in March.

Exports of goods in March was 11 per cent higher at $32.55 billion (the highest monthly performance) on the back of significant contributions from sectors such as engineering goods, chemicals, pharmaceuticals and petroleum products, according to an official statement.





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