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Imports increase by 27 per cent to $69.95 billion in November; trade deficit widens to $37.84 billion.
During April-November this fiscal, exports increase by 2.17 per cent to $284.31 billion and imports by 8.35 per cent to $486.73 billion.
India’s merchandise exports in November dipped by 4.85 per cent to $32.11 billion against $33.75 billion a year ago, according to government data released on Monday. Imports increased by 27 per cent to $69.95 billion in November compared to $55.06 billion in the year-ago month.
Gold imports in November reached an all-time high of $14.8 billion.
The trade deficit, or the gap between imports and exports, widened to $37.84 billion during the month under review.
The country’s merchandise exports had increased by 17.25 per cent to $39.2 billion in October this year.
During April-November this fiscal, exports increased by 2.17 per cent to $284.31 billion and imports by 8.35 per cent to $486.73 billion.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)
