India: Narrower trade gap – ING

Prakash Sakpal, Economist at ING, notes that India’s external trade deficit surprisingly narrowed to $14.0 billion in September from $17.4 billion in August, despite a sharp slowdown in export growth to -2.1% YoY, the first negative print since March, from 19.2% growth in August. Key Quotes “But import growth also slowed to 10.5% from 25.4% […]

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