India’s goods trade deficit widens to $18.71 bn in February

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New Delhi: India’s merchandise trade deficit widened to $18.71 billion in February from $17.49 billion in the previous month, official data showed on Friday, as imports oustripped exports in value terms against the backdrop of the Red Sea conflict Goods imports rose to $60.11 billion in February against $54.41 billion in January, commerce ministry data showed while exports came in at $41.40 billion in February, up from $36.92 billion in January. On a year-on-year basis exports of goods rose 11.86% in February, up from $37.01 billion in February 2023, while imports rose 12%. Trade deficit is the difference between a...