India’s trade deficit zooms 26 per cent to $117 billion in April-November
02 Jan 2012
India's trade deficit rose around 25.62 per cent to an estimated $116.84 billion in the first eight months of the current financial year (April-November 2011-12), from around $93.0 billion during April-November 2010-11.
The spike has been led by a 24.55 per cent increase in its November imports, which stood at $35.9 billion, against exports worth around $$22.32 billion during the month. India's trade deficit for November stood at $13.6 billion.
India's imports, meanwhile, swelled to $35.9 billion (Rs182,688.55 crore) in November 2011, recording an increase of 24.55 per cent in dollar terms and a 40.70 per cent rise in rupee terms over the level of imports valued at $28.84 billion (Rs129,843.26 crore) in November 2010.
Cumulative value of imports for April-November 2011-12 stood at $309.53 billion (Rs1,435,304.79 crore) against $237.66 billion (Rs1085,780.54 crore), clocking a 30.24 per cent growth in dollar terms and a 32.19 per cent increase in rupee terms year-on-year.
India's exports (including re-exports) stood at $22.32 billion (Rs113,519.82 crore) in November 2011, showing a 3.87 per cent increase in dollar terms and a 17.34 per cent increase in rupee terms compared to exports worth $21.49 billion (Rs96,742.01 crore) during November 2010.
Cumulative value of exports for April-November 2011-12 was $192.69 billion (Rs893,094.16 crore) against $144.66 billion (Rs661,055.88 crore) - a growth of 33.21 per cent in dollar terms and a 35.10 per cent increase in rupee terms year-on-year.
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