Statsguru: Exports rebound

The trade deficit for November is pegged at $13.82 billion

After contracting by 1.1 per cent in October, India’s merchandise exports grew by a staggering 30.6 per cent in November, showed the latest data from the Ministry of Commerce and Industry (Chart 1). Excluding oil, exports grew at a robust 28.2 per cent (Chart 2). Over the entire April-November period in FY18, exports grew at a healthy 12 per cent.

Imports also registered a strong performance, growing by 19.6 per cent in November. Excluding oil and gold, imports were up 22.6 per cent, suggesting strong domestic demand. 

As shown in Chart 3, the top export items in November were engineering goods followed