Trade deficit narrows for 4th straight month in April to $4.84 billion

India’s trade deficit narrowed for the fourth straight month in April to $4.84 billion, as plunging imports offset a fall in exports, data showed on Friday

India’s trade deficit narrowed for the fourth straight month in April to $4.84 billion, as plunging imports offset a fall in exports, data showed on Friday.

Country’s trade deficit narrowed for the fourth straight month in April to $4.84 billion. (File Photo)

Imports shrank an annual 23.10% to $25.41 billion last month. Exports, meanwhile, dropped 6.74% year-on-year to $20.57 billion.

Imports of oil as well as gold recorded steep falls during the month.