India, the world's third-biggest crude importer, buys over 80 percent of its oil from overseas markets.
Trade deficit, the difference between exports and imports, widened to USD 15.33 billion in April 2019 from USD 13.72 billion in April 2018. (Representational image)
New Delhi: India’s November trade deficit narrowed to $16.67 billion due to a fall in gold imports, the country’s trade ministry said in a statement on Friday.
In October, the trade deficit was at $17.13 billion.
India’s gold imports fell 15.59 percent to $2.76 billion in November, data showed.
The country’s oil imports, however, increased in November to $13.49 billion, up 41.3 percent from a year earlier, the data showed.
India, the world’s third-biggest crude importer, buys over 80 percent of its oil from overseas markets.
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