December 9, 2011
Show AI Summary
Trade balance shows widening deficit as exports grow but imports rise faster, driven by petroleum and gold.
India's merchandise trade for April-November 2011 recorded substantial expansion with cumulative exports at US$192.7 billion and cumulative imports at US$309.5 billion, resulting in a pronounced trade deficit. The release highlights robust export growth across petroleum and oil products, engineering goods, gems and jewellery, garments, electronics, basic chemicals and pharmaceuticals, alongside significant import increases chiefly in petroleum and oil, gold and silver, machinery, electronics, vegetable oils, coal and chemicals.