Trade deficit widens to 5-yr high in July; exports grow by 14.3%

Trade deficit widens to 5-yr high in July; exports grow by 14.3%

A sharp rise in the crude oil bill led to India‚Äôs trade deficit widening to a 62-month high in July, despite exports growing by 14.32 per cent. After months of contraction, export grew, helped by engineering, chemical products, and gems and jewellery. The trade deficit increased to $18.02 billion in…

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