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India's trade deficit narrows to $9.87 billion, exports dip 8.74% in November


Updated Dec 15, 2020 | 19:25 IST
Country s overall exports (Merchandise and Services combined) in April-November 2020-21 are estimated to be $304.25 billion, exhibiting a negative growth of 14.03 per cent over the same period last year
India s trade deficit narrows to $9.87 billion, exports dip 8.74% in November 
New Delhi: India s exports dipped 8.74% to $23.52 billion in November on account of contraction in shipments of key sectors like petroleum, engineering, chemicals and gems and jewellery. Official data relased by government on Tuesday showed that trade deficit during the month narrowed to $9.87 billion as imports too declined by 13.32% to $33.39 billion.
During April-November 2020-21, exports dropped by 17.76% to $173.66 billion, while imports contracted by 33.55% to $215.69 billion. Trade deficit stood at $42 billion for the first eight months of the fiscal as compared to $113.42 billion in the same period last year. Oil imports ....

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