April 13, 2018 / 12:34 PM / 13 days ago

India's March exports fall 0.7 pct y/y, trade deficit widened

NEW DELHI, April 13 (Reuters) - India’s merchandise exports in March fell 0.7 percent year-on -year, for the first time in five months, and the trade deficit widened to $13.69 billion because of a surge in imports, government data showed on Friday.

Merchandise exports last month fell to $29.1 billion year-on-year while imports rose 7.15 percent to $42.8 billion, the Ministry of Commerce and Industry said in a statement.

Reporting by Manoj Kumar; Editing by Sanjeev Miglani

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