India's Exports Contract 4.85% in November, Trade Deficit Widens

Dec 16, 2024 15:34

India's merchandise exports declined 4.85% in November to USD 32.11 billion, while imports surged by 27%. The trade deficit widened to USD 37.84 billion.

New Delhi, Dec 16 (PTI) India's merchandise exports in November dipped by 4.85 per cent to USD 32.11 billion against USD 33.75 billion a year ago, according to government data released on Monday.

Imports increased by 27 per cent to USD 69.95 billion in November compared to USD 55.06 billion in the year-ago month.

The trade deficit, or the gap between imports and exports, widened to USD 37.84 billion during the month under review.

India's merchandise exports had increased by 17.25 per cent to USD 39.2 billion in October this year.

During April-November this fiscal, exports increased by 2.17 per cent to USD 284.31 billion and imports by 8.35 per cent to USD 486.73 billion.

Source: PTI

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India's Exports Contract 4.85% in November, Trade Deficit Widens

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