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India’s trade deficit for February has come in at USD 12 billion. The exports increased by 4.5%, while the imports grew at 10.4%.
Imports for February was at 37.8 billion dollars, while the exports for the same month was at 25.8 billion dollars. As per the data by commerce ministry, the increase in imports was due to higher crude oil prices.
Furthermore, total imports from April to February was at USD 416.8 billion, indicating a 21% increase as against the same period last year. Total exports for the April-February period was at USD 273.73 billion, indicating an increase of 11% as against the same period last year.
