Exports contract for fourth month in a row

Why is it in the news ?
  • India’s exports contracted for the fourth month in a row in November, dipping 0.34% to $25.98 billion, mainly on account of poor shipments of petroleum, gems & jewellery and leather products.
More in the news
  • Imports too declinedby 12.71% to $38.11 billion in November, narrowing the trade deficit to $12.12 billion.
  • Gold imports increased by 6.59% to $2.94 billion in the month. 
  • Trade deficit stood at $17.58 billion in November 2018.
  • As many as 17segments(Out of the 30key sectors) showed contraction in exports during the month under review.
Source
The Hindu.




Posted by Jawwad Kazi on 14th Dec 2019