India March trade deficit highest in four months

New Delhi

INDIA'S trade deficit in March was the highest in four months, at US$11.79 billion, as exports continued to fall, underscoring risks for growth prospects in Asia's third-largest economy.

A plunge in global prices of crude oil, by nearly half since last June, has slashed India's import bill, making for a less worrisome trade deficit, despite a drop in exports in recent months.