India's trade deficit narrows to $13.43 billion in July

India's trade deficit in July narrowed to a four-month low of $13.43 billion from $18.63 billion a year ago. Exports grew 2.25% to $26.33 billion in July, while imports dropped 10.43% to $39.76 billion. Decline in overall imports, including oil and gold, led to the fall in the trade deficit in India. Oil imports decreased 22.15% to $9.60 billion.