Overview
- Official data show merchandise exports rose 19.37% year-on-year to $38.13 billion as imports fell 1.88% to $62.66 billion, pulling the deficit down from October’s record $41.68 billion and below the roughly $32 billion forecast.
- Engineering, electronics, and gems and jewellery led the rebound; engineering shipments jumped about 24% year-on-year to roughly $11.01 billion, according to EEPC India.
- Goods exports to the United States climbed 22.6% year-on-year to about $6.98 billion in November, while exports to China reached $2.20 billion for the month and rose 32.83% in April–November.
- Services exports were estimated at $35.86 billion with a surplus of about $17.90 billion, providing a cushion to the external account.
- The Commerce Ministry is finalising guidelines for a Rs 25,060 crore Export Promotion Mission with initial components due this week, as India–U.S. trade talks continue following elevated U.S. tariffs.