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India's September trade deficit in goods at $2.91 billion - Metro US

India’s September trade deficit in goods at $2.91 billion

Cargo containers are seen stacked outside the container terminal of JNPT in Mumbai

NEW DELHI (Reuters) – India posted a trade deficit <INTRD=ECI> of $2.91 billion in goods in September, data released by the government showed on Friday.

Merchandise imports <INIMP=ECI> contracted 19.60% in September to $30.31 billion from a year ago while exports <INEXP=ECI> rose 5.27% to $27.40 billion, data from the Ministry of Commerce and Industry showed.

Total merchandise imports fell by 40.06% to $148.69 billion during April-September while exports were down 21.43% from the year-ago period to $125.06 billion, the data showed.

(This story corrects period in third paragraph)

(Reporting by Aftab Ahmed and Manoj Kumar; Editing by Catherine Evans)

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