Trade
India’s September Trade Gap Narrows Sharply as Imports Fall
- The deficit at $19.4 billion is lowest in five months
- Imports dip on easing edible oil prices, rise in local output
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India’s September trade deficit narrowed more than expected, as imports fell sharper than exports despite elevated crude oil prices.
The gap between exports and imports stood at $19.37 billion, the lowest in five months, according to the data released by the trade ministry Friday. The reading is lower than a deficit of $24.16 billion in August and a $23.2 billion gap forecast by economists in a Bloomberg survey.