India#39;s October trade deficit narrows to $11.01 billion
India’s trade deficit narrowed to $ 11.01 billion in October from $ 18.0 billion a year ago, the trade ministry said on Friday, helped by lower oil imports.
Oil imports fell 31.74% to $ 9.63 billion in October from $ 14.11 billion in the year-ago period.
Merchandise exports fell 1.11% to $ 26.38 billion in October compared with a year earlier, while imports were down 16.31% at $ 37.39 billion, the data showed.Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.