India's trade deficit narrows to $26.86 bn in August from $27.2 bn a year earlier

India's merchandise trade deficit has narrowed to $26.86 billion in August, a slight improvement from last year's $27.2 billion. This reduction is largely due to a 26.1% increase in exports, which rose to $43.81 billion. Meanwhile, imports grew at a slower rate of 14.1% to $70.76 billion. The narrowing trade deficit is a positive sign for the Indian economy, as it suggests that exports are becoming a more significant contributor to the country's revenue.

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India's exports rose 26. 1% to $43.

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