Imports during the first month of the current fiscal aggregated to USD 37.9 billion, leaving a trade a deficit of USD 13.4 billion.
"This is the lowest trade deficit we have had in last one year... This month (April), we see deceleration in imports," Khullar said.
The exporting sectors which registered healthy growth in April include engineering, electronic, pharmaceutical and chemical.
However, exports of gems and jewelleries contracted by 25.7 per cent to USD 2.6 billion.