Trade deficit touches $165 billion, highest since FY13

Rise in petroleum and crude products imports during the first 11 months of 2018-2019 has led to widening of country's trade deficit to $165.6 billion, highest since 2012-2013.

India’s trade deficit has risen to $165.6 billion in the first 11 months of 2018-19, an increase of about 11 per cent compared to same period of previous financial year.

A report by CARE Ratings shows that the gap between exports and imports is the highest since 2012-13 when it peaked to $190 billion.

Indian exports for the period April-Feb, FY19 have reached close to $ 300 billion, indicating a rising trend in the last