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( 16 May 2019)
Indian trade deficit expands to USD 15.33 billion for the month of April

India’s exports and imports business is rising marginally, exports rose 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.

As per the calculation, trade deficit has increased to USD 15.33 billion, mainly on the back of increased imports and lower growth in exports for the month of April. It has been increased to USD 176.42 billion, compared to USD 162.05 billion in the previous year, but deficit in March fell to USD 10.89 billion compared to USD 13.51 billion in March last year.

As per the RBI report released, April gold imports is at USD 3.97 billion from USD 3.27 billion in March, whereas imports stood at USD 11.38 billion from USD 11.75 billion in March.