India’s merchandise trade deficit for February reached $18.71 billion, consistent with economists’ forecasts. Merchandise exports amounted to $41.40 billion, while imports totaled $60.11 billion. Additionally, services exports stood at $32.35 billion, with imports at $15.39 billion. The figures indicate a steady balance in trade dynamics compared to the previous month, with both exports and imports showing slight increases.
India’s February Trade Deficit Matches Expectations at $18.71 Billion
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