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January trade deficit widens to $16.30 bn; exports rise 9%

Imports surge 26% to $40.68 bn

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Paradip is a bulk cargo port that mainly handles thermal coal used by power plants on the east coast Photo: iStock

Last Updated : Feb 15 2018 | 6:06 PM IST

January trade deficit widened to $16.30 billion as against $9..9 billion in year-ago period, data from Commerce Ministry showed.

It was $14.88 bn in the previous month.

Merchandise exports for January rose 9.07% from a year ago to $24.38 billion.

Goods imports last month were $40.68 billion, a jump of 26.10% from a year ago, data from the Ministry of Commerce and Industry showed.