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India's trade deficit narrows to $10.89 bn in March, exports grow 11%

Reuters/New Delhi 15 Apr 19 | 07:07 PM

India's trade deficit narrowed to $10.89 billion in March from a year ago, helped by rise in exports, the trade ministry said in a statement on Monday.

Trade deficit was $13.51 billion in March 2018.

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Merchandise exports rose 11.02 percent to $32.55 billion in March from a year earlier, while imports were up 1.44 percent to $43.44 billion during the same period, data showed.

Trade deficit for the 2018-19 period that ended in March was up nearly 9 percent at $176.42 billion.

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