Commodity Market :- India`s trade deficit narrows to 7-month low of $8.98 billion in September

A general view of a container terminal is seen at Mundra Port in the western Indian state of Gujarat April 1, 2014. REUTERS/Amit Dave

India’s trade deficit narrowed to $8.98 billion in September, its lowest in seven months, government data showed on Friday.The deficit was $11.64 billion in August.

Merchandise exports for September rose 25.67 percent from a year ago to $28.61 billion, mainly driven by a rise in export of engineering and oil products.

Goods imports last month were $37.6 billion, a gain of 18.09 percent from the same period last year, data from the commerce and industry ministry showed.

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