India’s overall trade deficit narrows in August as exports grow at a faster pace than imports. Multiple outlets cite a drop in the overall deficit to about $9.41 billion in August, compared with $11.62 billion in the same period a year earlier, alongside strong export performance.
Exports increase year-on-year to about $82.68 billion (up roughly 25.4%), while imports rise to about $92.09 billion, widening the gap only less than before. Times of India also reports that merchandise exports rise around 26.12% to $43.81 billion, with services exports contributing to the overall improvement, though the detailed breakdown of services varies by outlet. Swarajya and NDTV focus primarily on the export surge and deficit narrowing without adding additional splits.
On the merchandise side, Free Press Journal reports that the merchandise trade deficit narrows to $26.86 billion in August, improving versus $27.22 billion a year earlier and $31.98 billion in July. It attributes the improvement to merchandise exports rising around 26% year-on-year to $43.81 billion and imports increasing about 14% year-on-year to $70.67 billion, using Department of Commerce data.
