India’s trade deficit narrows to $13.83 billion in November: trade ministry

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FILE PHOTO: Fishing trawlers are seen in front of JNPT in Mumbai
FILE PHOTO: Fishing trawlers are seen in front of the Jawaharlal Nehru Port Trust (JNPT) in Mumbai, India, July 31, 2015. REUTERS/Shailesh Andrade/File Photo GLOBAL BUSINESS WEEK AHEAD – SEARCH GLOBAL BUSINESS 11 DEC FOR ALL IMAGES

December 15, 2017

NEW DELHI (Reuters) – India’s trade deficit <INTRD=ECI> narrowed to $13.83 billion from $14.02 billion in the previous month, government data showed on Friday.

Merchandise exports <INEXP=ECI> for November rose 30.55 percent from a year ago to $26.20 billion.

Goods imports <INIMP=ECI> last month were $40.02 billion, a gain of 19.61 percent from a year ago, data from the commerce and industry ministry showed.

(Reporting by Manoj Kumar; Editing by Malini Menon)

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