Falling oil imports shrink India's trade deficit to 11-month low
Published Fri, Feb 13, 2015 · 01:36 PM
[NEW DELHI] India's trade deficit narrowed to a 11-month low of US$8.32 billion (S$11.3 billion) in January as oil imports declined by 17 per cent from a month earlier, government data showed on Friday.
Imports fell an annual 11.39 per cent last month year-on-year to US$32.21 billion. Merchandise exports also declined 11.19 per cent year-on-year to US$23.88 billion, the data showed.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Labour wins UK by-election as Tory PM Sunak stares at more losses
South Korea to slap fines on food suppliers for ‘shrinkflation’
Stormy Daniels’ ex-lawyer in the hot seat at Trump trial
New Zealand says ‘seriously concerned’ by China’s increased security actions in Pacific
EU, ISSB agree on minimising overlaps in company climate disclosures
US law firm Mayer Brown to split from Hong Kong partnership