India reported a trade deficit for February that was 9% smaller than that expected by economists at $8.9 billion. Imports increased 22%, partly due to a 75% rise in oil prices which account for a third of all imports. That factor will have helped exports too, which increased 18% with refined oil products being two of the top three export lines. Shipments to the U.S. slowed to a growth of just 3% from 11% a year earlier. This may reflect a slowdown in non-oil exports for India. U.S.-bound shipments of steel and furniture fell by around 10%, while the main bright spot was a 20% jump in tex...