India’s Nov merchandise exports down 8.74%, imports fall by 13.32% YoY

Rising coronavirus cases and subsequent lockdowns in key export markets dragged India’s merchandise exports lower by 8.74 per cent in November, official data showed on Tuesday. “Cumulative value of exports for the period April-November 2020-21 was $173.66 billion as against $211.17 billion during the period April-November 2019-20, registering a negative growth of (-) 17.76 per cent in dollar terms,” a Ministry of Commerce and Industry statement said on the basis of preliminary data.