India's trade deficit hits 11-month low at $15.6B in March.

India`s merchandise trade deficit narrowed to an 11-month low of $15.6 billion in March compared to $18.71 billion in February as there was a significant decline in imports during the month, figures released by the Commerce Ministry on Monday showed.The imports during the month fell by 5.98 percent to $57.28 billion which helped to reduce the trade deficit.