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    <title>India’s Foreign Trade: February 2020</title>
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    <description>India&#039;s trade for April-February 2019-20 shows modest overall export growth and a pronounced import contraction, producing a narrower overall trade deficit than the prior year. Merchandise exports rose marginally in February but fell slightly cumulatively; non petroleum, non gems and jewellery exports improved. Cumulative imports declined due to lower oil and non oil purchases, while services maintained a surplus that offset part of the merchandise deficit. February services figures are estimates pending RBI revision.</description>
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