India’s trade deficit narrows to $9.8 billion in January

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New Delhi: India’s foreign trade deficit narrowed to $9.84 billion in January from a provisional $10.4 billion a month ago, government data showed on Wednesday.

Merchant exports grew 4.32% year-on-year to $22.12 billion last month, while imports rose 10.7% to $31.96 billion, the ministry of commerce and industry said in a statement.