India's merchandise trade deficit in February stood at $14.05 billion, according to a Reuters calculation based on export and import data released by the government on Monday. Economists had expected the February trade deficit to be $21.

NEW DELHI (Reuters) -India's merchandise trade deficit in February narrowed sharply to $14.05 billion, the lowest level in more than three years, as imports fell amid rising global uncertainty. The deficit was much lower than economists' forecast of $21.65 billion, according to a Reuters poll.