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India's trade deficit widens to near three-year high in October

Reuters  |  NEW DELHI 

By Manoj Kumar and Malini MenonNEW DELHI (Reuters) - India's trade deficit widened to its highest in nearly three years in October, government data showed on Tuesday, as export growth contracted for the first time after more than a year.The trade deficit widened to $14.02 billion last month from $8.98 billion in September, data from the Ministry of Commerce and Industry showed.The trade deficit has widened by more $31 billion in the first seven months of the current financial year to $86.15 billion, which could put pressure on the current account deficit of Asia's third largest economy. ...

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First Published: Tue, November 14 2017. 18:34 IST