India Trade Deficit Widens In December

(RTTNews) - India's overall trade deficit widened in December with imports rising fast than exports, preliminary data from the Ministry of Commerce and Industry showed Friday.

The total trade deficit widened to $14.48 billion from $7.77 billion in the same month last year. Exports rose 25.05 percent year-on-year and imports grew 33.86 percent.

Exports of goods rose 38.91 percent annually and imports grew 38.55 percent. The visible trade deficit widened to $21.68 billion from $15.72 billion in the same month a year ago.

Services exports grew 5.26 percent year-on-year and imports rose 15.76 percent. The services trade surplus dropped to $7.20 billion from $7.95 billion.