
India’s trade deficit narrows to $26.49 bn in August despite US tariff turmoil
New Delhi, Sep 15 (IANS) India's merchandise trade deficit narrowed to $26.49 billion in August from $27.35 billion in July, according to data released by the Commerce Ministry on Monday.Exports in August declined to $35.1 billion from $37.24 billion in July amid the US tariff turmoil, triggering uncertainty in global markets, while imports fell to $61.59 billion from $64.59 billion in the previous month."Despite global uncertainties and trade policy uncertainties, Indian exporters have done well. It shows that the government's policy has paid off," Commerce Secretary Sunil Barthwal said.Meanwhile, Commerce and Industry Minister Piyush Goyal has assured Indian exporters that the government is actively engaged in creating an enabling environment to help them navigate the challenges arising ...