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India's trade deficit reaches a record high of $176 billion in 2018-19

March exports return to growth charts after a four-month drag

Topics
Exports  |  Imports  |  Government

Subhayan Chakraborty  |  New Delhi 

Despite exports and imports growing at the same rate of 9 per cent, India’s trade deficit reached a record high of $176 billion in 2018-19. According to data released by the commerce and industry ministry on Monday, exports stood at $32.55 billion in March, taking the total tally in 2018-19 to $331 billion.

While it is the first time that outbound trade has remained above $300 billion for two consecutive years, exports couldn't cross the government’s internal target of $350 billion. In the 2017-18 financial year, exports stood at $303.52 billion. On the other hand, ...

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First Published: Mon, April 15 2019. 23:19 IST
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