Export growth hits 5-month low in Nov; trade deficit narrows

Exports stood at 24.6 billion during the month as against 23.25 billion in the same month last year while imports stood at 33.83 billion,the lowest figure since March 2011.

Three product categories petroleum goods,gems and jewellery and pharmaceuticals have pulled down our exports, Rao said,adding that these sectors have a major share in the export basket. Rafeeque Ahmed,president,Federation of Indian Export Organisations,said that the single-digit growth does not reflect the true picture of exports as delays at one of the major ports has also contributed to the slowdown in exports.