India's Trade Deficit Jumps as Energy Import Prices Soar

India's trade deficit widened in April by more than analysts had expected as the surge in oil and gas prices hiked the Indian energy import bill. Trade deficit jumped to $28.38 billion last month, according to data from the Ministry of Commerce and Industry published on Friday. The trade gap in April widened by $8 billion compared to the $20.6 billion deficit in March, and was higher than economists had expected at about $26 billion. India's total exports grew by 13.8% in April from a year earlier to hit $43.56 billion, the data showed. However,…