Trade deficit widened sharply in Jan'18 to US$16.3bn, near a 5-year high, on account of a sharper increase in commodity oriented imports. Overall trade activity, both at Services and Merchandise levels, has improved sharply. However, overall merchandise exports in FY18 have been somewhat impacted by GST related constraints. At 9.1% yoy, exports growth in Jan'18 was highly skewed, with over 96% of the growth contributed by Engineering Goods and Petroleum Products. Capital Goods imports witnessed a sharp growth of 22.9% yoy, but more data confirmation would be required to indicate any...