India’s trade deficit widens to $28.38 billion in April as imports surge amid Gulf conflict

India's trade deficit grew to $28.38 billion in April. This increase exceeded market expectations. The Middle East conflict disrupted shipments and raised energy costs. This impacted India's import bill significantly. Exports rose to $43.56 billion. Imports climbed to $71.94 billion. Services trade offered some relief. The rupee faced pressure. Government urges conservation measures.