New Delhi’s merchandise exports rose to $38.92 billion in March, while imports fell to $59.9 billion, the government has said India’s merchandise trade deficit narrowed sharply to $20.67 billion in March, official data has shown. A Reuters poll of economists had projected a deficit of $32.75 billion for the month. The March figure is also well below the $27.1 billion in merchandise trade deficit recorded in February. The marginal improvement was spurred by a combination of higher exports and