Trade
India’s Trade Deficit Narrows to 11-Month Low in March
- Imports fell during the month driven by low gold shipments
- Conflict in the Middle East risks hurting export demand ahead
Jawaharlal Nehru Port.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
India’s trade deficit narrowed to a 11-month low in March as the nation reined in its import bill and a recovery in global demand helped keep exports steady.
The gap between exports and imports stood at $15.6 billion in March, Trade Ministry data showed Monday. The reading is lower than the $19 billion deficit forecast by economists in a Bloomberg survey.