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India's January trade deficit widens to highest since May 2013

Reuters  |  NEW DELHI 

By Nidhi VermaNEW DELHI (Reuters) - India's trade deficit in January was the widest in more than 4-1/2 years as a surge in the country's oil and coal import bill outweighed a rise in exports, government data showed on Thursday.The trade deficit grew to $16.3 billion in January, the highest monthly figure since May 2013, compared with $14.88 billion for December.The South Asian nation's imports in January rose 26.10 percent compared with the same month last year to $40.68 billion, data from the Ministry of Commerce and Industry showed.Exports during the month were up 9.07 percent year on year ...

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First Published: Thu, February 15 2018. 20:08 IST