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Trade Deficit Crosses 165 bn USD-Mark, Highest Since FY13
March 22, 2019
India’s trade deficit widened to 165.6 billion USD in the first 11 months for FY19 largely because of the hike in petroleum products imports. This is 11% higher than the previous financial year, and the highest increase since the FY13.
According to a CARE Rating report, the gap between exports and imports in India was the highest in FY13 when it touched 190 billion USD.
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