India Posts Highest November Exports in a Decade as Trade Deficit Narrows Sharply
India's exports reached $38.13 billion in November, driven by engineering and electronics, narrowing the trade deficit to $24 billion, a five-month low, the Commerce Ministry reported.
- On Monday, the Commerce and Industry Ministry reported India’s goods exports in November rose, led by engineering and electronics sectors, with shipments rebounding after October.
- A rapid weakening of the rupee earlier this month and lower gold imports supported export competitiveness and helped narrow the trade deficit to $24 billion.
- Trade data showed that shipments to the United States surged 22.61 to nearly $7 billion despite the 50% US tariffs; shipments to China and Hong Kong also rose sharply.
- The trade deficit narrowed to $24 billion as higher exports helped reach a five-month low, while the ministry finalises a Rs 25,060-crore export promotion mission.
- Commerce Secretary Rajesh Agrawal said India and the US are close to an initial framework deal after six rounds, and policy support, logistics efficiency, export financing may sustain exports in coming months.
15 Articles
15 Articles
Goods exports in Nov jump 19%, trade deficit narrows to $24bn
Driven by engineering and electronics goods exports, shipments jumped 19 per cent to $38.13 billion compared to $31.94 billion, while imports declined slightly to $62.22 billion compared to $63.87 billion, largely due to a 60 per cent decline in gold imports.
Economists say Indias November trade data signals export resilience - The Tribune
India's trade deficit narrowed to USD 24.53 billion in November from USD 41.68 billion in October, said the data released by the government on Monday. This was driven by a fall in gold, oil and coal imports, it said.
India's exports rise 19.37 pc in Nov; trade gap shrinks to 5-month low
New Delhi: India’s exports rebounded by 19.37 per cent to USD 38.13 billion in November after contracting in October, driven by higher shipments of engineering and electronics goods that helped bring down the trade deficit to a five-month low of USD 24.53 billion. According to government data released on Monday, the country’s imports dipped by 1.88 per cent to USD 62.66 billion due to a fall in the inbound shipments of gold, crude oil, coal, and…
India posts highest November exports in a decade as trade deficit narrows sharply
The trade deficit shrinks to $24.53 billion in November from $41.68 billion in October, offering relief as policymakers monitor external risks amid volatile global commodity prices and slowing demand in key overseas markets.
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