Trade deficit narrows to $20.78 billion in September

Export data: India's merchandise tre deficit for September was recorded at $20.78 billion, a figure that is narrower than economists' expectations of $25 billion, as per calculations based on government data released on Wednesday.

This marks a significant improvement from August's tre deficit that hit a ten-month high at $29.65 billion.

Latest figures indicate that merchandise exports during September stood at $34.58 billion, while imports were at $55.36 billion, however exports for August are reported at $34.71 billion with imports at $64.36 billion.

services sector also remained firm during September where export estimates were found to be high at $30.61 billion against import estimates at $16.32 billion. For August, however, estimated services export was slightly higher at $30.69 billion but imports remained at $15.70 billion.

This would mean that narrowing of tre deficit in September marks a possible stabilisation of India's tre dynamics, reflecting series of justments both in export sector and import sector.