NEW DELHI (Reuters) – India’s merchandise trade deficit in April stood at $19.1 billion, according to a Reuters calculation based on export and import data released by the government on Wednesday.
Economists had expected the country’s April trade deficit to be $17.23 billion, according to a Reuters poll.
India’s merchandise exports in April stood at $34.99 billion, while imports were $54.09 billion, government data showed. In March, merchandise exports were $41.68 billion, while imports stood at $57.28 billion.
(Reporting by Sarita Chaganti Singh)
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