India Trade Deficit Widens In November

India's merchandise exports in the month of November were $30.04 billion, as compared to $23.62 billion in the year-ago period, exhibiting a positive growth of 27.16%. Meanwhile, merchandise imports in November came in at $52.94 billion, an increase of 56.58% over imports of $33.81 Billion in the same month last year. And hence, India has widened its trade deficit to $22.91 billion as against $10.19 billion in November 2020. Exports for the April-November period were up 51% to $263.57 billion as against $174.16 billion during the same period last year, while imports during April-November rose 74.8% to $384.34 billion. Non-petroleum and non-gems and jewellery exports in November 2021 stood at $23.68 billion, registering a positive growth of 22.26% over a year ago.

 

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