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Trade Deficit Crosses 165 bn USD-Mark, Highest Since FY13

March 22, 2019

Trade Deficit Crosses 165 bn USD-Mark, Highest Since FY13
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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