India's Trade Deficit Narrows to $27.1 Billion Amid Iran War Risks

• India's merchandise trade deficit narrowed to $27.1 billion in February, down from $34.68 billion in January.
• Imports sharply declined to $63.71 billion, while exports marginally increased to $36.61 billion.
• Economists attribute the import fall to escalating Middle East tensions and Iran war risks, particularly around the Strait of Hormuz.
• Concerns remain over potential disruption of energy supplies and trade, as India heavily relies on Middle East oil imports.
• Indian exports to regional markets and agricultural shipments like rice are already facing delays due to maritime route disruptions.