New Delhi: India's merchandise trade deficit in March stood at Rs 1,30,170 crores ($15.6 billion), according to a Reuters calculation based on export and import data released by the government on Monday.
Economists had expected the March trade deficit to be $18.55 billion, according to a Reuters poll.
India's merchandise exports stood at $41.68 billion in March, while imports were $57.28 billion, the data showed.
In the previous month, merchandise exports were $41.40 billion, while imports were $60.11 billion.
In March, services exports were $28.54 billion, while imports were $15.84 billion. In February, services exports were $32.35 billion and imports were $15.39 billion.
Published 15 April 2024, 10:00 IST