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India's Trade Deficit Narrowed in January


By Maria Martinez
India s trade deficit in January narrowed compared with the same month the previous year, government data showed Monday.
The trade deficit for January stood at $14.54 billion compared with a $15.30 billion deficit in January 2020.
A smaller trade deficit was driven by a larger increase in exports than in imports. Exports posted a 6.16% increase from a year earlier to $27.45 billion, after remaining flat in December. Imports rose 2.03% to $41.99 billion, following November s 7.56% increase.
India, Asia s third-largest economy, has been running a significant trade deficit for more than 15 years. The growth of exports in recent years has been offset by increased imports mostly of energy and electronic goods. ....

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