Trade deficit narrows, imports dip to lowest in 2.5 years
Trade deficit during November stood at $9.22 billion as against $17.2 billion in the same month last year, while imports dipped to the lowest level in more than two and a half years.business Updated: Dec 11, 2013 13:04 IST
India's exports grew by 5.86% in November to $24.6 billion, while imports dipped to the lowest level in more than two and a half years, helping narrow the trade deficit.
Imports in November this year fell by 16.37% to $33.83 billion, which is the lowest figure since March 2011, Director General of Foreign Trade Anup Pujari told reporters here.
Trade deficit during the month under the review stood at $9.22 billion as against $17.2 billion in the same month last year.
Gold and silver imports in November 2013 dipped to $1.05 billion from $5.4 billion in the same period last year.
During April-November period this fiscal, the imports aggregated at $25.5 billion. It was $33.5 billion in November 2012.