India Trade Deficit Narrows to 27.1 Billion Dollars
India's trade deficit fell to 27.1 billion dollars in February as imports dropped. Experts warn that Middle East tensions pose risks to future energy security.
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India reported a narrowing of its merchandise trade deficit to $27.1 billion in February, according to government data released on Monday. This figure represents a significant decline from the $34.68 billion deficit recorded in January and came in below the $28.8 billion gap anticipated by economists in a Reuters poll. Merchandise exports for the month rose marginally to $36.61 billion from $36.56 billion in the previous month, while imports saw a sharp reduction, falling to $63.71 billion from $71.24 billion.
