India’s January Trade Gap Expanded Before US Interim Deal

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.