Trade deficit widens to $28.38 billion in April as imports outpace exports
India's merchandise trade deficit widened to $28.38 billion in April, government data showed on Friday, as the West Asia conflict continued to hinder shipments, while disrupting energy imports and making them costlier. Concerns that the energy shock from the months-long Iran war could slow growth, raise inflation, and hit India's balance of payments have led to a raft of interventions…
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