MUMBAI: Indias trade deficit in February at $12 billion narrowed from an over a four-year high of the previous month at $16.3 billion, as exports picked up while imports moderated, official data showed on Thursday.
According to figures released by the Commerce Ministry, the trade deficit in February, however, was 36.36 per cent higher than in the same month a year ago at $9.5 billion mainly on account of higher prices paid on oil imports.