India’s merchandise trade deficit eased in March as the decline in imports outpaced the decline in exports. In absolute terms, the trade gap widened to $15.6 billion in March compared to $18.7 billion in February, according to a press briefing by the Ministry of Commerce and Industry.Exports fell 0.7% annually to $41.7 billion.Imports fell 6% annually to $57.3 billion.Exports rose 0.7% month-on-month from February.Imports fell 4.7% m…