India's trade deficit falls to 5-month low of $24.53 bn in Nov; export rises by 15%

INDIA'S trade deficit in November has declined to a five-month low of $24.53 billion in November, primarily due to the fall in gold, oil and coal imports, while there has been a considerable rise in the exports to the US, showed the data released by by the Ministry of Commerce on Monday.

- ENS ECONOMIC BUREAU @ New Delhi

According to the data, India's total exports went up by 15.5% to $73.99 billion in November on year-on-year basis, while total imports fell slightly by 0.6%, touching $80.6 billion in the last month. In terms of exports, November has seen the highest exports out of any November in the last 10 years, said Union Commerce Secretary Rajesh Agrawal. He further added, "Th