India's Trade Deficit Widens More Than 7 Percent

In December 2012, India’s exports were valued at $24.9 billion, falling 1.9 percent from $25.3 billion in the same month the previous year, and imports were valued at $42.5 billion, rising 6.3 percent from December 2011’s $40.0 billion, according to the country’s Ministry of Commerce & Industry.

India’s trade deficit from April to December 2012 was about $147.2 billion, widening 7.2 percent from $137.3 billion during the same period in 2011.

The value of exports from April to December dropped 5.5 percent from $226.6 billion in 2011 to $214.1 billion in 2012, and the value of imports during the same period decreased 0.7 percent from $363.9 billion to $361.3 billion.