Exports rise 27.16% to $30.04 bn in Nov, trade deficit at $22.91 bn

India's merchandise exports rose 27.16 per cent to $30.04 billion in November, government data showed on Tuesday.

The exports stood at $23.62 billion in November 2020.

Imports in November were at $52.94 billion, showing an increase of 56.58 per cent over inbound shipments of $33.81 billion in the year-ago month.

As per the data, November trade deficit stood at $22.91 billion. This compares with $10.19 billion in November 2020.

India's overall exports (merchandise and services) in November are estimated to be $50.36 billion, exhibiting a growth of 22.80 per cent over the same period last year.