India s export grew by 5.85 in November Trade deficit at USD 9.22

India's exports grew by 5.86% in November compared to same month last year to USD 24.6 billion, while imports dropped by 16.37% in the same month to USD 33.83 billion. This is the lowest imports in more than two and a half years. Trade deficit during the month stood at USD 9.22 billion compared to USD 17.2 billion in the same month last year.

Gold and silver imports in November 2013 dropped by around 80% to USD 1.05 billion compared to USD 5.4 billion in the same month last year. During April-November period of the current financial year 2013-14, total exports stood at USD 203.98 billion while total imports stood at USD 303.89 billion. Trade deficit for the same duration stood at USD 99.9 billion.