India’s January Trade Gap Expanded Before US Interim Deal (1)

India’s trade deficit widened in January, just weeks before New Delhi agreed to an interim pact with the US to lower tariffs.

The gap between exports and imports widened to $34.68 billion in January from $25.05 billion a month earlier, data released by the Ministry of Commerce and Industry showed Monday. That compares with a $25.4 billion deficit forecast by economists in a Bloomberg survey.

Imports rose 19.2% in January to $71.24 billion from a year earlier, while exports rose 0.6% to $36.56 billion.

The US announced an interim trade deal with India earlier this month, cutting ...