Exports up 0.8 pc in Nov; trade deficit widens to USD 16.6 bn

Image
Press Trust of India New Delhi
Last Updated : Dec 14 2018 | 7:15 PM IST

India's exports grew by a meagre 0.80 per cent to USD 26.5 billion in November, according to commerce ministry data.

Imports rose by 4.31 per cent to USD 43.17 billion during the month, leading to widening of the trade deficit to USD 16.67 billion.

The deficit widened despite a steep decline of 15.6 per cent in gold imports at USD 2.75 billion during the month under review.

During April-November this fiscal, exports rose by 11.58 per cent to USD 217.52 billion, while imports recorded a growth of 14.71 per cent to USD 345.64 billion.

Trade deficit during the period widened to USD 128.13 billion as against USD 106.37 billion during April-November 2017-18.

Oil imports in November jumped by 41.31 per cent to USD 13.49 billion. However, the non-oil imports dipped by 6.79 per cent to USD 29.68 billion.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 14 2018 | 7:15 PM IST

Next Story