India's August trade deficit narrows to $26.49 bn from $27.35 bn in July

Indias merchandise trade deficit narrowed to $26.49 billion in August from $27.35 billion in July, according to provisional data. Exports remain under pressure due to the stalled India-US trade deal, with the US accounting for about 20% of shipments. To support exporters, the government eased Advance Authorization Scheme norms, allowing duty-free import of raw materials amid ongoing US tariffs.