- India’s merchandise exports slipped below the $30-billion mark for the first time in eight months in November to $29.88 billion.
- Imports outpaced exports, jumping 38% from pre-COVID levels compared with the 16% increase in exports, though they moderated slightly month-on-month to $53.1 billion from $55.4 billion in October.
- The trade deficit widened to a fresh record of $23.27 billion, from $19.9 billion in the previous month. This is almost 83% higher than the November 2019 levels. The previous highest monthly trade deficit of $22.6 billion was recorded in September.
