India's trade deficit widens 139% to $27.98 bn in August

New Delhi, Sep 14 (IANS) India's trade deficit in August widened by 139 per cent to $27.98 billion from $11.71 billion recorded during the corresponding period of last year.According to Commerce Ministry data, India's merchandise exports went up by 1.62 per cent to $33.92 billion in August 2022 against $33.38 billion recorded in the corresponding period of last year.Imports rose by 37.28 per cent on year-on-year basis, thus widening the trade deficit.Meanwhile the country's overall exports (including merchandise and services) in August 2022 stood at $57.47 billion, showing a growth of 6.75 per cent over the corresponding period.Overall imports in August 2022 were estimated to be $75.84 billion, showing a growth of 33.15 per cent over corresponding period of last year.
--IANS ans/vd

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