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Export dip widening trade deficit

Date: 04 December 2021 Tags: Reports & Indices
  • 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.