India’s trade deficit narrowed sharply to a 17-month low in February, dragged down by a fall in gold and oil imports. Exports saw a 2.4% jump to $26.67 billion compared to $ 26.03 billion in 2018.

The cumulative value of exports for April-February was $ 298.47 billion as against $274.21 billion.

Gold imports in February fell 10.81 percent year-on-year to $2.58 billion, compared to $2.90 billion during the same month a year ago.

Imports saw a dip at $36.26 billion, which was 5.41% lower in dollar terms and 4.66% higher in rupee terms over imports of $ 38.34 billion in 2018.

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