January trade deficit at $2.91 bn

India's trade deficit in January stood at $2.91 billion, lower than the $3.30 billion in the same month a year earlier.

India's trade deficit in January stood at $2.91 billion, lower than the $3.30 billion in the same month a year earlier, government data showed on Tuesday.

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But the deficit was higher than December's $2.7 billion. Between April and January it was at $33.82 billion, larger than the deficit of $22.82 billion in April-January 2004/05.