India's trade deficit widened to $14.88 billion from $13.83 billion in the previous month, government data showed on Monday. Merchandise exports for December rose 12.36% from a year ago to $27.03 billion. Goods imports last month were $41.91 billion, a gain of 21.12% from a year ago, data from the commerce and industry ministry showed. Gold imports surge 71.52% to $3.39 billion in December.
