India's trade deficit widens but experts say it is still 'manageable'
Analysts say that this jump was led by increase in imports, especially oil whose prices have firmed over the past few months. Kapil Gupta and Prateek Parekh of Edelweiss Securities, in a report dated July 15, 2016 said, "Overall, exports and imports growth is recovering from lows partly helped by low base effect and the level of deficit remains very contained."
India's trade deficit grew to $8 billion as against $5-6 billion over the previous quarter. Photo: Reuters