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India's Trade Deficit Widens To $20.1 Billion In April

While exports rose to $38.19 billion, imports during the month surged to $58.26 billion.

<div class="paragraphs"><p>Workers load processed sacks of rice onto a truck in India. (Photographer: Prashanth Vishwanathan/Bloomberg)</p></div>
Workers load processed sacks of rice onto a truck in India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Exports rose by 24.22% to $38.19 billion in April on account of healthy performance by sectors like petroleum products, electronic goods and chemicals, the Commerce Ministry said on Tuesday.

Imports during the month under review grew 26.55% to $58.26 billion.

The trade deficit in April 2022 widened to $20.07 billion as against $15.29 billion in the year-ago period, it said.