India Trade Deficit: India’s trade deficit hits 5-month high as imports surge
NEW DELHI: India’s trade deficit widened to a five-month high of $30.4 billion as imports jumped 31% – the fastest pace of expansion in nearly four years – to $70.8 billion, although exports retained their momentum.Latest data released by the commerce department on Monday estimated that exports rose 15.4% to $40.4 billion, but it was…