India's export growth fell to 3. 87 percent in November of 2011 against an average 33.21 percent in the first eight months of 2011-12 fiscal, widening the trade deficit to 13.6 billion U.S. dollars, reported the Indo-Asian News Service Monday.
Exports in the month of November were recorded at 22.32 billion U.S. dollars, which is 3.87 percent more than the 21.49 billion U. S. dollars worth of exports during the corresponding month of the previous year, the report quoted official data as saying.
But imports jumped by 24.55 percent to 35.92 billion U.S. dollars, resulting in the monthly trade deficit of 13.6 billion U. S. dollars, according to data released by the ministry of commerce and industry.
The cumulative value of exports in April-November 2011 was 192. 7 billion U.S. dollars, 33.21 percent higher than 144.66 billion U. S. dollars exports registered during the corresponding period of last year.