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Exports fall for first time in five months in March as trade deficit widens

Imports rose 7.2% on year to $42.8 billion in March

Reuters  |  New Delhi 

India's merchandise exports fell for the first time in five months in March and the trade deficit widened amid concerns over global trade and US moves to review a programme allowing duty-free imports of goods. The US Trade Representative's Office said on Thursday it launched reviews over concerns that India and Indonesia were not complying with rules of the Generalized System of Preferences (GSP) programme on market access. New Delhi is worried that its exports of engineering goods and services to the US and China could be hit following a possible slowdown in global trade ...

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First Published: Fri, April 13 2018. 19:27 IST
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