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    <title>India’s Foreign Trade: March, 2016</title>
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    <description>Merchandise exports and non petroleum exports declined in March 2016 and cumulatively for April-March 2015-16, while imports (including oil and non oil categories) fell for the month and year to date, leading to a reduced merchandise trade deficit. Services receipts exceeded payments in February 2016 producing a positive monthly services balance, though cumulative net export of services for April-February 2015-16 was lower than the prior year. The combined merchandise and services trade deficit for April-March 2015-16 is estimated to have fallen year on year.</description>
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