India’s merchandise trade deficit in January down at $17.75 billion

NEW DELHI (Reuters) – India’s merchandise trade deficit in January was $17.75 billion compared with $23.76 billion in the earlier month, according to a Reuters calculation based on export and import data released by the government on Wednesday.

January merchandise exports were $32.91 billion compared with $34.48 billion in December, while imports were at $50.66 billion against $58.24 billion in December, according to government data.

 

(Reporting by Sarita Chaganti Singh, writing by Sudipto Ganguly; Editing by Krishna N. Das)

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