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India’s February trade deficit widens to $12.88 billion: trade ministry – Metro US

India’s February trade deficit widens to $12.88 billion: trade ministry

FILE PHOTO: Outbreak of coronavirus disease (COVID-19) in Mumbai
FILE PHOTO: Outbreak of coronavirus disease (COVID-19) in Mumbai

NEW DELHI (Reuters) – India’s trade deficit in goods widened to $12.88 billion in February from $10.16 billion during the same period a year earlier, preliminary data released by the government on Tuesday showed.

Merchandise exports fell 0.25% in February from a year earlier to $27.67 billion, while imports were up 6.98% to $40.55 billion, the data showed.

(Reporting by Manoj Kumar and Nidhi Verma)

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