India’s trade deficit narrows to $10.86 bn in September

India’s trade deficit in September narrowed to $10.86 billion from $14.95 billion a year ago, the trade ministry said in a statement on Tuesday, helped by lower oil imports.

Oil imports fell 18.33% to $8.98 billion in September from $10.99 billion in the year-ago period.

Merchandise exports fell 6.57% to $26.03 billion in September compared with a year earlier, while imports were down 13.85% at $36.89 billion, the data showed.