<h1>India's Trade Deficit Shrinks to $106.8B in 2015-16; Balance of Payments Stable Despite Export Decline.</h1> The trade deficit in India decreased to $106.8 billion during April-January 2015-16, down from $119.6 billion in the same period of 2014-15, largely due to reduced imports of Petroleum Oil Lubricants. The Current Account Deficit (CAD) was contained at 1.4% of GDP for April-September 2015-16. Foreign exchange reserves stood at $351.5 billion as of February 5, 2016. Despite a 17.6% decline in exports, the Balance of Payments remained stable, supported by moderate capital inflows and low commodity prices. The external debt to GDP ratio was 23.7%, indicating a stable debt situation.