After rising for seven straight months, the country's exports contracted 3.7 per cent in February, to 25.7 billion dollars. Imports fell 17.1 per cent, to 33.8 billion dollars during the month, resulting in the trade deficit narrowing to a five-month low of 8.1 billion dollars, as per data released by the government today. The trade deficit improved mainly on account of a big 71.4 per cent decline in gold and silver imports, to 1.6 billion dollars in February. For the April 2013 to February 2014 period, exports rose 4.8 per cent, to 283 billion dollars, while imports fell 8.7 per cent, to 411 billion dollars. The trade deficit during this period stood at 128 billion dollars. Oil imports declined 3.1 per cent in February, while non-oil imports fell 24.5 per cent. Between April and February, non-oil imports slipped 13.4 perce
News On AIR | March 11, 2014 7:56 PM