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Lower imports narrow trade gap
Mint Mumbai
|March 18, 2025
Falling deficit A fall in imports amid global trade uncertainties and looming US tariffs narrowed India's trade gap to the smallest in over three years in February.
India's trade gap narrowed sharply to $14.05 billion in February, the lowest in over three years, as imports fell amid global trade uncertainties and looming US tariffs.
Economists had expected the February trade deficit to be $21.65 billion, slightly lower than $22.99 billion in January, according to a Reuters poll.
The latest ministry of commerce and industry data showed that merchandise exports rose slightly to $36.91 billion from $36.43 billion in January, while goods imports fell to $50.96 billion from $59.42 billion.
The cumulative value of merchandise exports for the April 2024-February 2025 period stayed flat at $395.63 billion.
This story is from the March 18, 2025 edition of Mint Mumbai.
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