April 13, 2017 / 12:37 PM / 4 months ago

India's trade deficit widens to 4-month high in March

NEW DELHI, April 13 (Reuters) - India's trade deficit widened to a four-month high of $10.44 billion in March following a surge in merchandise imports, government data showed on Thursday.

Merchandise exports last month grew 28 percent to $29.23 billion, the Ministry of Commerce and Industry said in a statement.

Imports, however, surged 45.25 percent on year to $39.67 billion in March. (Reporting by Manoj Kumar and Rajesh Kumar Singh; Editing by Malini Menon)

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