India's exports rose 26 per cent to 30 30 billion in November

New Delhi: India's exports grew by 26.49 per cent to 29 29.88 billion in November, or about અ 20 billion. Exports grew on the back of strong growth in sectors such as engineering, petroleum, chemicals and marine products.

In comparison, exports in November 2020 were 23.62 billion. Imports stood at 53.13 billion at the end of November, an increase of 57.18 per cent over 33.81 billion in the same period last year. The trade deficit was 23.2 billion.

During the April-November period, India's exports grew by 50.71 per cent to 26 262.46 billion from 17 174.10 billion in the same period last year, the Commerce Ministry said. During April-November 2019, exports grew by 24.29 per cent to 211.17 billion.

In comparison, imports during April-November 2021 increased by 75.39 per cent to 38 384.44 billion. During the first eight months of the current financial year, India's trade deficit stood at 1 121.98 billion.

The trade deficit doubled to .2 23.27 billion in November, as gold imports rose 8% to 22 4.22 billion. The gap between imports and exports in November 2020 was 10.19 billion.

In November, engineering goods accounted for 8 8 billion, up 37 per cent year-on-year from 28.19 per cent in total exports. Exports of petroleum products grew by 145.3 per cent year-on-year to 3.82 billion.

However, exports of diamonds fell by 11 per cent to 2. 2.4 billion during the period. On the import front, imports of petroleum and crude products rose 132.44 per cent to 16 16.68 billion in November.