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Trade deficit widens to $20.1 billion on high gold imports

India's trade deficit widened to $20.14 billion in May on higher gold imports, putting further pressure on the country's current account balance, official data showed Monday.

Government committed to reforms to boost exports: Anand Sharma

Concerned about India's exports contraction and trade account deficit, the government is firmly committed to the reforms agenda, Commerce Minister Anand Sharma said Tuesday.