https://www.taxtmi.com/news?id=72400 India's merchandise exports declined sharply in March amid the West Asia crisis, while imports also fell, leading to a narrower trade deficit. The fall in outbound shipments was linked to disruption in international shipping routes, higher freight and insurance costs, and reduced trade with the Middle East, particularly in goods such as gems and jewellery, rice, engineering goods, petroleum products and electronic items. Lower crude oil and gold imports also contributed to the reduced deficit. en-us Wed, 15 Apr 2026 20:01:03 +0530 Wed, 15 Apr 2026 20:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72400 India's merchandise exports declined sharply in March amid the West Asia crisis, while imports also fell, leading to a narrower trade deficit. The fall in outbound shipments was linked to disruption in international shipping routes, higher freight and insurance costs, and reduced trade with the Middle East, particularly in goods such as gems and jewellery, rice, engineering goods, petroleum products and electronic items. Lower crude oil and gold imports also contributed to the reduced deficit. News - Wed, 15 Apr 2026 20:01:03 +0530 https://www.taxtmi.com/news?id=72400