India trade deficit in March at $21.54 billion, government says

India's merchandise trade deficit (INTRD=ECI), opens new tab in March stood at $21.54 billion, according to a Reuters calculation based on export and import data released by the government on Tuesday.

The latest figure was higher than economists expectation of $16 billion, according to a Reuters poll.

March's merchandise trade deficit rose from more than a three-year low trade deficit of $14.05 billion in the previous month.

The government said March exports stood at $41.97 billion, while imports were $63.51 billion, compared with $36.91 billion of exports in February and $50.96 billion in imports.

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