Widows of India’s Trade Deficit in December as imports increase

Photographer: Dhiraj Singh / Bloomberg

India’s trade deficit last month increased 26% from a year earlier as imports rose.

The deficit for Asia’s third-largest economy widened to $ 15.7 billion from $ 12.5 billion in December 2019 after imports climbed about 7% and exports fell less than 1%, the government said in a statement, naming. start-up data.

Gold imports rose by about $ 2 billion, a 82% jump from the previous year, while petrol products saw the biggest decline for any commodity group in trade in and out of the country, the government said. Overseas shipping of drugs and pharmaceutical products increased value most among Indian exports, rising 17% from a year earlier.