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India’s Feb trade deficit narrows to $9.60 billion – trade ministry

NEW DELHI, March 15 (Reuters) – India’s trade deficit narrowed to $9.60 billion in February, dragged down by a fall in gold and oil imports, the trade ministry said in a statement on Friday. Trade deficit was $14.73 billion in January. In February, merchandise exports rose 2.44 percent from a year earlier to $26.67 billion, while imports were down 5.41 percent to $36.26 billion, data showed. Gold imports in February fell 10.81 percent year-on-year to $2.58 billion, compared to $2.90 billion during the same month a year ago. (Reporting by Manoj Kumar and Aftab Ahmed; Editing by Sanjeev Miglani) […]

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