Nov Trade Deficit Narrows to $24.53B; Exports Hit 10-Year High

• Trade deficit decreased to $24.53 billion in November.
• Exports surged by 19.37% to $38.13 billion in November, marking a 10-year high.
• Imports declined by 1.88% to $62.66 billion in November.
• Vegetable oil imports dropped 28% year-on-year in November to 1.183 million tons, mainly due to reduced refined palmolein.

Why It Matters: India's shrinking trade deficit and record exports signal economic improvement.