At $21 billion, trade deficit narrows to 5-month low

Posted on:
Key Points

increased 1.7% to $55.6 billion, according to latest official data...

The preliminary numbers released by the. commerce department. on Wednesday also showed that during April-Sept, China had overtaken the US as India's largest trading partner...

Chinese imports into the country rose 11.5% to $56.3 billion, while exports to the neighbouring country fell 9.4% to $6.9 billion..

In contrast to China, during the first half of the fiscal year, India's trade with the US was estimated at $62.7 billion..