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India's trade deficit narrows in February, but risks from U.S. tariffs and geopolitical issues loom.
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.
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.
Gold imports rose to 70 tonnes in February, driven by seasonal demand and investment.
Geopolitical risks are expected to impact India's trade performance.
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El déficit comercial de la India se reduce en febrero, pero los riesgos de los aranceles estadounidenses y las cuestiones geopolíticas se avecinan.