India’s September Trade Gap Narrows as Gold Imports Slowed

From bnnbloomberg.ca

India’s trade deficit narrowed to the lowest in five months in September as the nation’s import bill declined due to moderation in inbound shipments of gold. The gap between imports and exports stood at $20.78 billion in September, Trade Ministry data showed Wednesday, lower than the $24.63 billion deficit forecast by economists in a Bloomberg survey. India reported a trade deficit of $29.6 billion in August. Imports grew 1.6% from a year earlier to $55.36 billion in September, while exports rose 0.5% to $34.58 billion during the month. Inbound shipments were $64.36 billion in August, while outbound shipments ... (full story)