India's Trade Deficit Narrows To $14.75 Billion In January
Shipping containers sit stacked at a freight depot near the Jawaharlal Nehru Port, operated by Jawaharlal Nehru Port Trust in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

India's Trade Deficit Narrows To $14.75 Billion In January

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India's exports grew 5.37% year-on-year to $27.24 billion in January, mainly driven by healthy growth in pharmaceuticals and engineering sectors, according to provisional data released by the commerce ministry.

Imports during the month rose 2% to $42 billion, leaving a trade deficit of $14.75 billion, the data showed.

  • Exports of pharmaceuticals grew 16.4% to $293 million.

  • Exports of engineering goods jumped 19% to $1.16 billion.

The country's trade deficit stood at $15.4 billion in December, with $27.15 of exports and $42.59 billion of exports.

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