India’s Feb trade deficit falls to lowest level since Sept 2013
Data released by India’s Ministry of Commerce and Industry showed that the country’s exports fell around 5.66% on the year to $20.74 billion, falling for a fifteenth consecutive month in February. Imports, meanwhile, slid 5.03% year over year to $27.28 billion last month. Some exporters reportedly commented that annual exports could fall to near $260 billion in the current year compared with $310 billion in the previous year.
India’s economy is expected to grow by 7.6% in the current fiscal year ending March.
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