India's trade deficit narrows to $12 billion in February
India's trade deficit narrowed to $12 billion in February from $16.3 billion in the previous month, government data showed on Thursday. Imports for the month of February stood at $37.8 billion, up 10.4% whereas exports stood at $25.8 billion rising 4.5%. The rise in imports was led by higher crude oil prices, the government added.