India's exports fall for 4th straight month, imports for 6th, in November

Key export sectors such as leather, gems and jewellery, ready-made garments, and petroleum posted negative growth

India’s exports declined for the fourth successive month in November and for the fifth time this fiscal year, amid continuing weak global demand and depressed global crude oil prices that impacted the processed petroleum products basket, shows government data.

Imports contracted for the sixth straight month, driven by petroleum, engineering and industrial items, an indicator of sustained demand slowdown in the economy. Besides, the lower valuation of crude oil imports helped narrow the trade deficit, compared to the year-ago period.

Exports fell 0.32 per cent in November, while imports declined by 12.71 per cent on a year-on-year basis, leaving a