India’s Exports Hit 10-Year November High; Trade Deficit At 5-Month Low | Business News | ET Now

Описание: India’s Exports Hit 10-Year November High; Trade Deficit At 5-Month Low | Business News | ET Now

India’s merchandise trade data for November delivered a positive surprise, with exports rising to $38.13 billion, the highest level in the past 10 years for the month of November, according to government data.

The trade deficit narrowed sharply to a five-month low of $24.53 billion, significantly below market expectations of around $32 billion and down from the record $41.68 billion seen in October. The improvement was driven by a sharp fall in gold, oil, and coal imports, while exports showed broad-based strength.

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