India’s exports stood at $ 24.6 billion in November 2013 as against $ 23.25 billion in the same month last year. However, a 16.3 per cent decline in imports particularly gold and silver during the month helped in narrowing the trade deficit to $ 9.21 billion in November, which is second lowest level during the ongoing fiscal. In September, the trade gap fell to $ 6.76 billion.
Imports in November stood at $ 33.83 billion, which is the lowest figure since March 2011. Trade deficit in November 2012 was at $ 17.2 billion.
Commenting on the figures, Apparel Export Promotion Council Chairman A Sakthivel said in the coming months exports would pick up fast. In April-November 2013, exports grew by 6.27 per cent to $ 204 billion while imports aggregated at $ 304 billion. Trade deficit for the period stands at $ 100 billion. (PTI)