India's trade deficit narrowed for the
third straight month in March to $5.07 billion, the lowest in five years, as
imports shrank at a faster pace than exports. For
March 2016, the merchandise exports and imports fell by 5.47 percent and 21.56
percent to $ 22.71 billion and $ 27.78 billion, respectively, as compared to
the same period previous year.
For
the whole of FY 2015-16, total exports were down 15.9 percent from a year ago
to $261.1 billion. Imports fell 15.3 percent to $379.6 during the same period.
