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India’s February trade deficit at $8.13 bn
March 11, 2014, 8:30 am

India’s imports fell 17.09 per cent to $33.81 billion in February [Getty Images]

India’s imports fell 17.09 per cent to $33.81 billion in February [Getty Images]

India’s imports fell 17.09 per cent to $33.81 billion in February, fresh data released on Tuesday by India’s Commerce Ministry showed.

India’s exports also declined 3.67 per cent to $25.68 billion in February.

The new data showed a trade deficit of $8.13 billion.

For the April-February period, exports were up 4.79 per cent to $282.7 billion. Imports during the 11-month period fell 8.65 per cent to $410.86 billion. The trade deficit during this period was $128 billion.

Oil imports in February declined 3.1 per cent to $13.69 billion.

 

Source: Agencies

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