Trade deficit narrowed in February on a sharp fall in imports, which would further ease pressure on the current account balance.
The trade deficit stood at $8.13 billion, more than 40 percent lower from a year ago, the data released by the trade ministry showed on Tuesday.
Imports continued to fall, driven by a decline in oil import bill and curbs on gold, the country's second-most expensive overseas purchase after oil.
Merchandise exports fell 3.67 percent from a year earlier to $25.69 billion, compared with 3.8 percent growth in January.
Imports fell 17.09 percent year-on-year to $33.82 billion, the data showed.
Copyright: Thomson Reuters 2014
Trade deficit narrowed in February on a sharp fall in imports, which would further ease pressure on the current account balance.
The trade deficit stood at $8.13 billion, more than 40 percent lower from a year ago, the data released by the trade ministry showed on Tuesday.
Imports continued to fall, driven by a decline in oil import bill and curbs on gold, the country's second-most expensive overseas purchase after oil.
Merchandise exports fell 3.67 percent from a year earlier to $25.69 billion, compared with 3.8 percent growth in January.
Imports fell 17.09 percent year-on-year to $33.82 billion, the data showed.
Copyright: Thomson Reuters 2014
Trade deficit narrowed in February on a sharp fall in imports, which would further ease pressure on the current account balance.
The trade deficit stood at $8.13 billion, more than 40 percent lower from a year ago, the data released by the trade ministry showed on Tuesday.
Imports continued to fall, driven by a decline in oil import bill and curbs on gold, the country's second-most expensive overseas purchase after oil.
Merchandise exports fell 3.67 percent from a year earlier to $25.69 billion, compared with 3.8 percent growth in January.
Imports fell 17.09 percent year-on-year to $33.82 billion, the data showed.
Copyright: Thomson Reuters 2014
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