News > India’s monthly merchandise trade deficit comes down to a six-month low

India’s monthly merchandise trade deficit comes down to a six-month low

16/12/2022 04:49 PM | Click to read full article

India’s overall trade deficit for goods and services in November this year has fallen to $11.11 billion, lower than year-ago and month-ago levels. Moreover, thanks to a recovery in exports, India’s monthly merchandise trade deficit came down to a six-month low of $23.81 billion. Trade deficit is the amount by which a country's import costs exceed its export value in a given period.

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