India’s Trade Gap Narrows as Iran War Clouds Export Outlook

India’s trade deficit narrowed in February as imports cooled from the previous month, even as the war in Iran clouds the global trade outlook.

The gap between exports and imports stood at $27.1 billion in February from $34.68 billion a month earlier, according to data from the Ministry of Commerce & Industry. That compares with a $25.9 billion deficit forecast by economists in a Bloomberg survey.