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LATEST NEWS UPDATES | Exports rise marginally at 0.6% in November, trade deficit hits 7-month low

Exports rise marginally at 0.6% in November, trade deficit hits 7-month low

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published Published on Dec 16, 2022   modified Modified on Dec 16, 2022

-Moneycontrol.com

Exports in April-November amounted to $295.26 billion, up 11.1 percent, while imports were 29.5 percent higher at $493.61 billion

India's merchandise exports posted a marginal increase in November on a year-on-year basis to $31.99 billion, data released by the commerce ministry on December 15 showed.

The rise in exports in November was a mere 0.6 percent.

The latest trade numbers come after data released last month showed exports contracted 17 percent in October to $29.78 billion, making it the first time since February 2021 that monthly exports had fallen below the $30-billion mark and declined on a year-on-year basis.

While exports barely rose in November, imports posted a 5.4 percent rise to $55.88 billion.

Despite the pace in import growth outpacing that of exports, the merchandise trade deficit fell to $23.89 billion in November - the lowest in seven months.

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Moneycontrol.com, 16 December, 2022, https://www.moneycontrol.com/news/economy-2/after-october-drop-exports-post-marginal-0-6-increase-in-november-9711921.html


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