March 13, 2020 / 12:48 PM / 19 days ago

India's February trade deficit at $9.85 billion - government

FILE PHOTO: An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File photo

NEW DELHI (Reuters) - India’s trade deficit sharply narrowed in February to $9.85 billion from $15.17 billion in the previous month, the trade ministry said in a statement on Friday, helped by a rise exports.

Trade deficit stood at $9.72 billion in February 2019.

Merchandise exports rose 2.91% to $27.65 billion in February compared with a year earlier, while imports rose 2.48% to $37.50 billion, the data showed.

Reporting by Manoj Kumar; Editing by Catherine Evans

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