January trade deficit widens to $16.30 billion

India’s trade deficit widened to $16.30 billion in January from $14.88 billion in the previous month, government data showed on Thursday.

Merchandise exports for January rose 9.07 per cent from a year ago to $24.38 billion.

Goods imports last month were $40.68 billion, a jump of 26.10 per cent from a year ago, data from the Ministry of Commerce and Industry showed.