India's trade deficit hits 4-month high of $14.62 bn in May
India's trade deficit widened to a four-month high of $14.62 billion in May, government data showed on Friday. Oil imports were up 49.46% year-on-year to $11.5 billion due to a surge in international crude prices. Exports in May rose by 28.18% to $28.86 billion while imports were up 14.85% to $43.48 billion.