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India’s Trade Deficit Widens Despite Lower March Figures

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New Delhi, April 16 (IANS) The trade deficit widening has been pushed out rather than avoided, a report showed on Thursday, adding that if the energy shock persists and Brent oil prices stays elevated, the deficit is likely to widen in the coming months.India’s goods trade deficit came in at $20.7 billion in March, much lower than last month’s $27 billion deficit. The March deficit is usually slightly narrower, but markets expected it to widen this time as Brent is up 60 per cent YoY due to the …