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India Nov trade deficit at record $23.27 billion - Metro US

India Nov trade deficit at record $23.27 billion

FILE PHOTO - A worker sits on a ship carrying containers at Mundra Port in the western Indian state of Gujarat

NEW DELHI (Reuters) – India posted a record merchandise trade deficit of $23.27 billion in November compared with $10.19 billion a year ago, preliminary data released by the government showed on Wednesday.

India’s merchandise exports rose to $29.88 billion for the month from $23.62 billion in the same period last year, while imports rose to $53.15 billion in November from $33.81 billion last year.

(Reporting by Sankalp Phartiyal; Editing by Andrew Cawthorne)

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