India's Trade Deficit Shoots Up To A Record High In November As Exports Weaken: CareEdge

India Economics - Trade Deficit Shoots Up To A Record High In November As Exports Weaken: CareEdge

Container ship sits docked at the JNPT in Navi Mumbai, Maharashtra, India. (Photographer Dhiraj Singh/Bloomberg)

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CareEdge Research Report

The momentum in India’s merchandise exports witnessed a moderation in November 2021, with exports just above $30 billion (lowest since March 2021).

Imports stood at $52.9 billion, breaching the $50 billion mark for the third straight month.

Sequentially, exports de-accelerated by 15.7% while imports remained largely unchanged contributing to a higher trade gap during the month.

Trade deficit stood at $22.9 billion, surpassing the earlier high of $22.7 billion recorded in September 2021.

Click on the attachment to read the full report:

CareEdge India Foreign Trade November 21.pdf
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