Indias trade deficit narrows to 7-month low of $8.98 billion in September
Indias trade deficit narrows to 7-month low of $8.98 billion in September
India`s trade deficit narrowed to $8.98 billion in September, its lowest in seven months, government data showed on Friday.
The deficit was $11.64 billion in August.
Merchandise exports for September rose 25.67 percent from a year ago to $28.61 billion, mainly driven by a rise in export of engineering and oil products.
Goods imports last month were $37.6 billion, a gain of 18.09 percent from the same period last year, data from the commerce and industry ministry showed.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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