Trade Deficit snippets

Export growth eased to a five-month low of 5.9% in November due to a fall in shipments of petroleum goods and rough diamonds, although the trade deficit narrowed as gold imports declined. India’s exports stood at $24.6 billion in November 2013 as against $23.3 billion in the same month last year. However, a 16.3% decline in imports — particularly gold and silver during the month — helped in narrowing the trade deficit to $9.2 billion in November, which is second lowest level during the ongoing fiscal.