To be sure, the trade gap narrowed from $34.68 billion in January.India’s trade deficit with China surged to $102 billion in April-February of the current fiscal year, from $91 billion a year ago, according to official data released on Monday.Commerce secretary Rajesh Agrawal said the year had been difficult and would stay that way in March because of exporters getting squeezed by logistics bottlenecks due to the Gulf war.The government plans to announce measures to help exporters this week, he said. Imports of petroleum and crude products of $12.97 billion, electronics goods at $10.09 billion and machinery of $5.32 billion also contributed to the trade deficit.“Major drivers of merchandise exports growth in February were engineering goods, electronic goods, organic and inorganic chemicals, gems and jewellery and meat, dairy and poultry products,” the commerce and industry ministry said in a statement.In February, exports of engineering goods were up 12.9% on-year, electronic goods 10.4%, and drugs and pharmaceuticals rose 3.4%. Imports of petroleum and crude products of $12.97 billion, electronics goods at $10.09 billion and machinery of $5.32 billion also contributed to the trade deficit.“Major drivers of merchandise exports growth in February were engineering goods, electronic goods, organic and inorganic chemicals, gems and jewellery and meat, dairy and poultry products,” the commerce and industry ministry said in a statement.In February, exports of engineering goods were up 12.9% on-year, electronic goods 10.4%, and drugs and pharmaceuticals rose 3.4%.
Author: ET Bureau
Published at: 2026-03-17 00:00:00
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