 "Exports, global exports, supply chain")
India’s merchandise exports grew just 0.59 per cent year-on-year in November at $31.99 billion, as tepid external demand and fears of a recession in developed economies continued to weigh on demand. Month-on-month, exports grew 7 per cent.
While the growth in exports started slowing from July, merchandise exports contracted for the first time in two years last month because of domestic factors such as the festival season and external factors.
Imports increased 5.6 per cent, but hit a 10-month low of $55.88 billion in November, commerce and industry ministry data showed. Though the trade deficit decreased to a seven-month low,
