India’s trade deficit narrows to $13.45 bn in August
Commodity Online | September 16 2019
UPDATED 10:01:10 IST

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India’s merchandise exports declined 6.05% in August while merchandise imports dropped 13.45% leading to the narrowing of trade deficit to $13.45 billion during the same month, latest data released by the commerce ministry showed.

Export sectors that recorded positive growth in the last month include iron ore, electronic goods, spices, and marine products.

Shipments of gems and jewellery, engineering goods, petroleum products recorded negative growth, according to the data.

India's oil imports fell 8.90% to $10.88 billion in August from $11.94 billion in a year-ago period.