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India’s trade deficit in October narrows to $19.9 billion

India’s merchandise trade deficit in October narrowed to $19.9 billion from a record $22.6 billion in September, preliminary data released by the government showed on Monday.

India’s merchandise exports in October rose to $35.47 billion from $24.92 billion for the month from the same period last year, while imports rose to $55.37 billion from $34.07 billion in the same month last year.
Source: Reuters (Reporting by Zeba Siddiqui and Manoj Kumar in NEW DELHI)

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