India’s trade deficit climbed to $10.4 billion from $4.4 billion a year earlier in March, a quarter higher than expected by economists. That was likely the result of a 46% increase in imports including a 30% jump in oil prices – three of India’s top six suppliers are OPEC members. Demand outside energy was also robust, as a 31% rise in exports from China shows. While Indian export growth was also strong at 28%, Panjiva data shows shipments to the U.S. fell 3% as lower deliveries of furnishings offset an increase in textiles. So far trade friction between the U.S. and India has been avoid...