India’s trade deficit widens to $21.54 billion in March

India’s merchandise trade deficit in March widened to $21.54 billion from $14.05 billion in February as imports rose. On a year-on-year basis, the trade gap in goods in the previous month was wider as well compared to $15.34 in March 2024. While merchandise exports stayed almost flat on-year in March to $41.97 billion, goods imports increased by 11.4 percent to $63.51 billion, according to provisional data released by commerce ministry on April 15.