15.12.202508:37:52UTC+00India Trade Deficit Smallest in 5 Months

India's trade deficit reduced to USD 24.53 billion in November 2025, down from USD 31.92 billion in November the previous year, based on preliminary estimates. This represents the narrowest trade deficit in the past five months. Exports experienced a significant increase of 19.37% year-on-year, reaching a six-month peak of USD 38.13 billion. This surge was bolstered by government interventions, including export incentives, designed to alleviate the economic repercussions of the 50% US tariffs implemented at the end of August. In November, exports to the US rose by USD 1.3 billion despite the tariffs, while shipments to China grew by USD 1 billion. Substantial export gains were also noted with Spain, the UAE, and Tanzania. Concurrently, imports diminished by 1.88% to USD 62.66 billion, primarily due to a dramatic reduction of approximately 60% in gold imports, along with decreases in oil and coal shipments. Over the cumulative period from April to November, exports climbed by 2.62% to USD 292.07 billion, whereas imports increased by 5.59% to USD 515.21 billion compared to the corresponding period from the previous year.