India’s trade deficit fell to its lowest level in five months, reaching $24.53 billion in November, driven by lower imports of gold, oil, and coal.
Data showed that Indian goods exports to the United States rose by about 10 percent month-on-month to $6.92 billion in November. The trade deficit had reached a record high of $41.68 billion in the previous month.
Total Indian merchandise exports reached $38.13 billion in November, compared with $34.38 billion in October, while imports declined to $62.66 billion from $76.06 billion.
