By Maria Martinez
India's trade deficit in April widened compared with the same month the previous year, government data showed Friday.
The trade deficit for April stood at $15.1 billion compared with a $6.76 billion deficit in April 2020.
Exports increased 195.7% from a year earlier to $30.63 billion, following a 60.3% increase in March. Imports rose 167.05% to $45.72 billion, following March's 53.7% rise.
India, Asia's third-largest economy, has been running a significant trade deficit for more than 15 years. The growth of exports in recent years has been offset by increased imports, mostly of energy and electronic goods.
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(END) Dow Jones Newswires