India's exports fell 9% in Nov, in second straight month of decline

Outbound shipments in November this year stood at $23.43 billion, against $25.77 billion in the same month a year earlier

India’s exports reduced by 9.07 per cent in November, in a second straight month of decline, as major markets continued to be impacted by Covid-19. The outbound shipment in November this year stood at $23.43 billion, against $25.77 billion in the same month a year earlier, official data showed today.

In October, the country’s exports had declined by 5.1 per cent, after a rise of around six per cent the previous month. In September, exports had risen after six months of continuous decline, giving a temporary hope of a turnaround in outbound shipments.

Imports, on the other hand, contracted 13.33