India’s trade deficit narrows to 7-month low of $8.98b in September: Govt

India’s trade deficit narrowed to $8.98 billion in September, its lowest in seven months, government data showed on Friday.

India’s trade deficit narrowed to $8.98 billion in September, its lowest in seven months, government data showed on Friday.

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. (Reuters File Photo)

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.