India's trade deficit narrows to $8.9 billion in November

India's trade deficit narrowed to $8.901 billion (Rs40,070 crore) in November 2010 from a level of $10.064 billion  (Rs46,865 crore) in November 2009.

Trade deficit for the April-November 2010 period, however, rose to an estimated $81.674 billion (Rs373,735 crore) compared to the deficit of $68.375 billion (Rs327,897 crore) during April-November 2009.

The country's exports grew to $18.895 billion (Rs85,063 crore) during November 2010, recording a 26.5 per cent growth in dollar terms and a 22.3 per cent rise in rupee terms compared to the level of $14.933 billion (Rs69,537 crore) during November 2009.

Cumulative value of exports during April-November 2010 was $140.289 billion (Rs641,225 crore) against $110.689 billion (Rs531,974 crore), up 26.7 per cent in dollar terms and 20.5 per cent in rupee terms over the same period last year.

India's imports during November 2010 stood at $27.796 billion (Rs125,133  crore), representing a growth of 11.2 per cent in dollar terms and a 7.5 per cent rise in rupee terms compared to imports valued at $24.997 billion (Rs116,402 crore) in November 2009.

Cumulative value of imports for April-November 2010 stood at $221.963 billion (Rs10,14,960 crore) against $179.063 billion (Rs859,871 crore) - a growth of 24 per cent in dollar terms and 18.0 per cent in rupee terms over the same period last year.

Oil imports during November2010 was 2.31 per cent higher at $7.725 billion against oil imports valued at $7.550.4 billion in the corresponding period last year. Oil imports during April-November 2010 grew 21.4 per cent to $64.850 billion against oil imports worth $53.415 billion in the corresponding period last year.

Non-oil imports during November 2010 grew 15.05 per cent to an estimated $20.071 billion from the imports valued at $17.446.2 billion in November 2009. Non-oil imports during April-November 2010 rose 25.04 per cent to $157.113 billion from $125.649 billion in April-November 2009.