India's Trade Deficit Jumps as Energy Import Prices Soar

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India's trade deficit widened in April by more than analysts had expected as the surge in oil and gas prices hiked the Indian energy import bill. Trade deficit jumped to $28.38 billion last month, according to data from the Ministry of Commerce and Industry published on Friday. The trade gap in April widened by $8 billion compared to the $20.6 billion deficit in March, and was higher than economists had expected at about $26 billion. India's total exports grew by 13.8% in April from a year earlier to hit $43.56 billion, the data showed. However,…