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Oil drives April exports to highest in 4 years; imports up 10%, trade deficit at 3-month high
NEW DELHI: Higher petroleum prices propelled India’s exports to $43.6 billion, the highest monthly level in over four years, showing a 13.8% growth, which is fastest in five months. Imports rose at a more moderate pace of 9.9% to $71.9 billion, resulting in a trade deficit of 28.3 billion, a three-month high.
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oilprice.com
India's Wholesale Inflation Hits 3.5-Year High as Fuel Costs Surge 25% | OilPrice.com
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.
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timesofindia.indiatimes.com
India’s trade deficit widens to $28.38 billion in April as imports jump 10%; Middle East shipments fall 31.6%
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…
