Exports remain flat at $26.5 bn in November; trade deficit widens to $16.6 bn: Commerce ministry
The deficit widened despite a steep decline of 15.6 percent in gold imports at $2.75 billion during the month under review.
New Delhi: India's exports grew by a meagre 0.80 percent to $26.5 billion in November, according to commerce ministry data.
Representational image. Reuters.
Imports rose by 4.31 percent to $43.17 billion during the month, leading to widening of the trade deficit to $16.67 billion.
The deficit widened despite a steep decline of 15.6 percent in gold imports at $2.75 billion during the month under review.
During April-November this fiscal, exports rose by 11.58 percent to $217.52 billion, while imports recorded a growth of 14.71 percent to $345.64 billion.
Trade deficit during the period widened to $128.13 billion as against $106.37 billion during April-November 2017-18.
Oil imports in November jumped by 41.31 percent to $13.49 billion. However, the non-oil imports dipped by 6.79 percent to $29.68 billion.
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