"Oil imports in August 2020 were $6.42 billion which was 41.62 per cent lower in Dollar terms compared to $11.00 billion in August 2019," the statement said. "Non-oil imports in August 2020 were estimated at $23.05 billion which was 20.10 per cent lower in Dollar terms compared to $28.85 billion in August 2019."

Besides, the non-oil and non-gold imports were $19.35 billion in August 2020, recording a negative growth of (-) 29.61 per cent, as compared to non-oil and non-gold imports of $27.49 billion in August 2019. Consequently, India's trade deficit narrowed to $6.77 billion on a year-on-year basis in August from $13.86 billion reported for the corresponding month of last year. The trade deficit had narrowed to $4.83 billion on a year-on-year basis in July from $13.43 billion reported for the like period of 2019.