Trade deficit narrows to an 11-month low in Jan
According to data released by the Commerce Ministry, India's trade deficit narrowed to an 11-month low of $7.6 billion, amid a fall in import of petroleum products and electronic goods. Exports in January contracted for the straight 14th month by 13.6% year-on-year amid lukewarm global demand and volatility in the global currency market, while merchandise imports shrank 11% year-on-year.