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