India's trade deficit widened more than expected in April due to Middle East tensions and Strait of Hormuz blockade affecting both exports and imports, data from the Ministry of Commerce & Industry showed Friday.Exports of goods rose to $43.56 billion from $38.28 billion last year. Imports climbed to $71.94 billion from $65.38 billion.Consequently, the visible trade gap rose to $28.38 billion from...
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.