India's March trade deficit fell to an 11-month low at $15.6bn due to reduced imports and export growth.

India's trade deficit in March fell to an 11-month low at $15.6 billion, as the nation reduced imports and a global demand recovery boosted exports. This is lower than the $19 billion deficit forecast by economists. India's merchandise trade deficit declined to $240.2 billion YoY for FY24, with exports and imports standing at $41.68 billion and $57.28 billion in March, respectively.