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March trade deficit widens; touches $139 bln in FY14

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Reuters NEW DELHI

NEW DELHI (Reuters) - India's trade deficit widened in March on lower exports, increasing pressure on the country's current account balance.

The trade deficit stood at $10.51 billion in March, up from $8.13 billion in February, the data released by the Ministry of Commerce and Industry showed on Friday.

For the full 2013/14 fiscal year, the trade deficit stood at $138.59 billion compared with $190.34 billion in the previous year.

(Reporting by Manoj Kumar and Rajesh Kumar Singh; editing by Malini Menon)

 

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First Published: Apr 11 2014 | 1:21 PM IST

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