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This Article is From Dec 15, 2021

India's Trade Deficit Shoots Up To A Record High In November As Exports Weaken: CareEdge

India's Trade Deficit Shoots Up To A Record High In November As Exports Weaken: CareEdge
Container ship sits docked at the JNPT in Navi Mumbai, Maharashtra, India. (Photographer Dhiraj Singh/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

CareEdge Research Report

The momentum in India's merchandise exports witnessed a moderation in November 2021, with exports just above $30 billion (lowest since March 2021).

Imports stood at $52.9 billion, breaching the $50 billion mark for the third straight month.

Sequentially, exports de-accelerated by 15.7% while imports remained largely unchanged contributing to a higher trade gap during the month.

Trade deficit stood at $22.9 billion, surpassing the earlier high of $22.7 billion recorded in September 2021.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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