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India's trade deficit rises by 87.5% to $192 billion in 2021-22
short by Ashley Paul / on Monday, 4 April, 2022
India's trade deficit rose by 87.5% from $102.63 billion in 2020-21 to $192.41 billion in 2021-22, government data showed on Monday. While total exports in FY22 rose to a record high of $417.81 billion, imports too soared 54.71% year-on-year to $610.22 billion on the back of rising global fuel and commodity prices. Merchandise imports in FY21 stood at $394.44 billion.
read more at Financial Express