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India's July trade deficit narrows to $13.43 billion

Wednesday, August 14, 2019, 9:11 PM

India's trade deficit in July narrowed to $13.43-billion from $18.63-billion a year ago, the trade ministry said in a statement on August-14, helped by lower-oil import bill. Oil-imports dived 22.15% to $9.60-billion in July from $12.33 billion in a year-ago period. Merchandise exports rose 2.25% to $26.33-billion in July compared with a year earlier, while imports were down 10.43% at $39.76-billion, the data showed.

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