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India's March trade deficit at $10.89 billion

Tuesday,   16-Apr-2019   09:21 AM (IST)

India’s trade deficit narrowed to $10.89 billion in March from a year ago, helped by rise in exports, the trade ministry said in a statement on Monday. Trade deficit was $13.51 billion in March 2018. Merchandise exports rose 11.02 percent to $32.55 billion in March from a year earlier, while imports were up 1.44 percent to $43.44 billion during the same period, data showed. Trade deficit for the 2018-19 period that ended in March was up nearly 9 percent at $176.42 billion.