November exports to key markets bounce back after October dip

Exports had recovered in November to grow at 0.59 per cent from a 12 per cent contraction in October

India’s key export destinations such as the US, UAE, UK, Saudi Arabia and Indonesia — which saw contraction in shipments in October —  witnessed a smart recovery in November, preventing another fall in the country’s overall exports in November.

Data released in December showed that exports recovered in November to grow at 0.59 per cent from a 12 per cent contraction in October.

Among the top-25 export destinations, while 17 saw contraction in shipments from India in October, the number came down to eight in November.

Exports to countries like China (-31 per cent), Bangladesh (-47 per cent), Belgium (-27 per