India's trade deficit soared in April by more than analysts expected, as the surge in oil and gas prices hiked the Indian energy import bill.

India Business News: India’s wholesale price inflation accelerated sharply to 8.30 per cent in April from 3.88 per cent in March, driven mainly by a steep rise in fuel, po.

India's wholesale inflation surged to 8.3% in April — the highest since October 2022 — as fuel and power costs jumped nearly 25% year-on-year.

India's April exports rose 13.78% to $43.56 billion, while imports increased 10% to $71.94 billion, widening the trade deficit.

India's trade deficit widened to $28.38 billion in April as imports surged, raising concerns over inflation and economic growth.