LiveExports in November has increased 30.55% amounting to USD 26.19 billion. This rise is due to improved global demand, government incentives and simplification of GST refund process.
In October exports saw a decrease of 1.12% to USD 23 billion. Last year in the same month exports stood at USD 20.06 billion.
As per the data by commerce ministry, imports also grew 19.61% to USD 40 billion in November, from USD 33.46 billion in same period last month. Further, the deficit which means the difference between imports and exports, has also been reduced month on month basis.
