India exports grew by 5.86 percent and imports dip by 16.3 percent in November 2013

Exports of India in November 2013 grew by 5.86 percent and reached 24.6 billion dollars against 23.25 billion dollars in November 2012. Apart from exports, the imports fell by 16.37 percent to 33.83 billion dollars. This dip in imports is the lowest level in since March 2011. This helps in narrowing the trade deficit.

The trade deficit in November 2013 under the review stood at 9.22 billion dollars as against 17.2 billion dollars in November 2012. Even the gold and silver imports dipped to 1.05 billion dollars in November 2013 as compared to 5.4 billion dollars in November 2012. During April-November period this fiscal, the imports aggregated at 25.5 billion dollars.