India's Trade Deficit Widens To $12.88 Billion In February

India's exports declined 0.25% to $27.67 billion in February while imports grew 6.98% to $40.55 billion during the month, according to provisional data released by the commerce ministry. The trade deficit widened to $12.88 billion in February as compared to $10.16 billion in the year-ago period, the ministry said in a statement. However, the trade deficit stood at $14.54 billion in January 2021.
The exports during April-February period stood at $255.92 billion. In the same period a year-ago, it was at $291.87 billion, showing a negative growth of 12.32%. Imports during April-February period too dipped 23% to $340.88 billion.