Exports Fall 4.85%, Imports Surge 27% In Nov

New Delhi: India’s merchandise exports in November dipped by 4.85 per cent to $32.11 billion against $33.75 billion a year ago, according to government data released on Monday.

Imports increased by 27 per cent to $69.95 billion in November compared to $55.06 billion in the year-ago month. Gold imports in November reached an all-time high of $14.8 billion. The trade deficit, or the gap between imports and exports, widened to $37.84 billion during the month under review.