India's exports rose at an annual rate of 0.8% in January and imports for the month rose 6%, leaving a trade deficit of $20 billion, a senior trade ministry official said on Wednesday.
Exports between April and January fell 4.9% to $239.7 billion.
India's exports have fallen
The government is hopeful that exports in January will help close the trade gap, Commerce Minister Anand Sharma said.
Sharma said gold imports are a matter of concern and a balanced approach is needed towards gold import.