India’s total goods exports for November rose 19% on year to $38.13 billion, with sharp improvement in the country’s trade with U.S.
India’s merchandise goods trade deficit, which had touched a record high of roughly $41.7 billion in October, shrank to $24.5 billion in November, beating a Reuters poll estimate of $32 billion.
India’s exports to the U.S. rose 22.6% in November to $6.98 billion, which is even higher than its exports of $6.31 billion in the prior month.
India’s exports to the U.S. were down 8.6% in October and 11.9% in September.
India’s exports of goods and services for November were up 15.52% at $73.99 billion.
