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FINWIRES

India's Total Exports Decline 4.58% in March; Trade Deficit Narrows

-- India's total exports of goods and services declined 4.58% to $74.11 billion in March from $77.67 billion a year ago, according to data released by the Ministry of Commerce & Industry on Wednesday.

Total imports also fell 5.76% year-over-year to $76.55 billion in March from $81.22 billion, leading to a trade deficit of $2.44 billion, compared with $3.55 billion a year ago.

The country's exports of goods slipped to $38.92 billion in March, from $42.05 billion a year earlier, while services exports were marginally down to $35.20 billion, from $35.63 billion.

On the import side, goods imports declined to $59.59 billion in the reported month from $63.74 billion a year earlier, while services imports were down to $16.96 billion from $17.48 billion.

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