The country'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 showed on Tuesday.
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Trade deficit during the month narrowed to $9.87 billion as imports too declined by 13.32% to $33.39 billion, the data showed.
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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 in November dropped by 43.36% to $6.27 billion.