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’s merchandise trade deficit widened sharply to $28.38 billion in April as imports rose 10 per cent year-on-year despite a steep decline in inbound shipments from Middle East…

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.