By Maria Martinez
India's trade deficit widened significantly in September compared with the same month of the previous year, government data showed Thursday.
The trade deficit for September stood at $22.59 billion compared with a $2.96 billion deficit in September 2020.
Exports increased 22.63% from a year earlier to $33.79 billion in September, after a 45.76% increase in August. Imports rose 84.77% to $56.39 billion, after August's 51.72% rise.
India, Asia's third-largest economy, has been running a significant trade deficit for more than 15 years. The growth of exports in recent years has been offset by increased imports, mostly of energy and electronic goods.
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