April Trade Gap Widens as India’s Crude Oil, Electronics Imports Surge
India’s trade deficit widened to $26.42 billion in April 2025, up from $21.54 billion in March, according to preliminary trade data released by the Ministry of Commerce and Industry on May 15. The surge in imports—especially of crude oil, electronics, and machinery—outpaced export growth, driving the gap. Exports (excluding services) rose 9% year-on-year to $38.49
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