India's Trade Deficit Widens Slightly But Foreign Investment and Reserves Remain Steady

• India's current account deficit drops to $10.5 billion in Oct-Dec quarter • Net FDI inflow at $8.5 billion in Apr-Dec lower than last year • Foreign reserves accretion at $6 billion versus $11.1 billion last year • Merchandise trade deficit marginally higher at $71.6 billion • Services exports grow 5.2% on software, business, travel services