January trade deficit narrows; imports down 11.4%: ICRA

Written By Unknown on Jumat, 13 Februari 2015 | 20.07

Exports and imports have also declined for the month. While exports came down by 11.2 percent year-on-year and imports fell by 11.4 percent on a similar basis.

There's cheer on Indian macro-economic front. The trade deficit has narrowed to USD 8.32 billion dollars in January versus USD 9.43 billion in the prior month.

Exports and imports have also declined for the month. While exports came down by 11.2 percent year-on-year and imports fell by 11.4 percent on a similar basis.

The highlight of the data, not surprisingly, is the sharp fall in oil imports. Those are down more than 36 percent year on year. Gold imports though rose significantly in January when compared to the previous month.

In an interview to CNBC-TV18, Aditi Nayar, economist, ICRA says that while the headline trade numbers look good, the non-oil imports are worrying.

Transcript to follow soon.


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