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flag India's trade deficit narrows in February, but risks from U.S. tariffs and geopolitical issues loom.

flag India's trade deficit fell to $21.5 billion in February, down from $23 billion in January, due to a decrease in non-oil, non-gold imports and lower oil prices. flag However, the report by Union Bank of India warns that potential new trade restrictions and tariff increases from the U.S. could limit further recovery. flag Gold imports rose to 70 tonnes in February, driven by seasonal demand and investment. flag Geopolitical risks are expected to impact India's trade performance.

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