India’s January trade deficit widens before U.S. tariff relief kicks in
Representative image. | Photo Credit: Reuters India’s merchandise trade deficit widened to a three-month high of $34.68 billion in January, marking the final month impacted by around 50% U.S. tariff on Indian exports, which government officials said will be pared to 18% this week. The wider-than-expected goods trade deficit was driven by a sharp rise…