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Wednesday, India's Ministry of Commerce & Industry said in a report that the exports decreased 21.7% year-on-year to US$11.91 billion in February, smaller than US$ 15.22 billion recorded in the previous year.
Meanwhile, imports decreased 23.3% annually to US$ 16.82 billion in February, compared with US$ 21.93 billion in the previous year.
The trade deficit stood at US$ 4.91 billion in February, narrowing from US$ 6.71 billion in the previous year.
For the April to February period, the trade deficit amounted to US$ 115.09 billion compared to a US$ 82.20 billion deficit in the corresponding period of the previous year.
During this period, exports increased 7.3% to US$ 156.59 billion, while imports grew 19.1% to US $271.69 billion.
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