India’s exports rise 12.36% in December, trade deficit widens

Exports rose to 27.03 billion USD in December on a year-on-year basis, due to growth in engineering goods, petroleum products, gems and jewellery, chemicals, drugs and pharmaceuticals. However, imports have outpaced exports and the trade deficit stood at 14.8 billion USD, up by 41% year-on-year. India’s trade deficit is at its widest in three years. Read More