India's trade deficit for April more than halved on a year-on-year basis, coming in at USD 5 billion from USD 8.75 billion. This is, of course, higher than the trade deficit India faced in both February and March.
Imports over the month fell 36% to USD 15.75 billion, while exports fell 33% to USD 10.74 billion.
Non-oil imports were down 25% year-on-year, though it was higher on a month-on-month basis.
Source : www.moneycontrol.com