India’s trade gap widened in July as imports grew faster than exports, with the combined merchandise and services deficit rising 31.5% year-on-year to $15.03 billion, according to data released by the commerce ministry.

Indias merchandise trade deficit widened to $31.98 billion in July from $30.43 billion in June, exceeding economists estimate of $30.20 billion, according to a Reuters poll.…

India's July exports rose 19.63% to $44.24 billion, while trade deficit widened to $31.98 billion amid rising imports.