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

business Updated: May 13, 2016 20:43 IST
Trade deficit,Exports,Imports
Country’s trade deficit narrowed for the fourth straight month in April to $4.84 billion.(File Photo)

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.

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.

First Published: May 13, 2016 20:43 IST