Trade deficit narrows in November as imports fall 16.37%

India's exports rose 5.86 per cent 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 per cent to $33.83 billion, which is the lowest figure since March 2011, said Director General of Foreign Trade Anup Pujari.

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.