India's trade deficit widened to a five-month high in April due to rise in crude oil imports coupled with muted growth in export amid rising concerns over US-China trade war, government data showed.
The trade deficit, a gap between exports and imports, expanded to $15.33 billion in April 2019 as compared to $13.72 billion in April 2018 and $10.89 billion in last month, according to data release from the Ministry of Commerce.
Merchandise exports inched up by 0.64% year-on-year to $26.07 billion in April, while imports rose by 4.48% to $41.4 billion compared to the same month last year.
Much of the rise in imports came from crude purchases, which rose by 9.26% to $11.38 billion.
India's gold imports climbed 54% to $3.97 billion in April. The rise in imports by the world's second-biggest consumer of the precious metal was driven by strong demand during wedding season along with fall in prices which prompted purchases.