India's Trade Deficit Hits 5-Month Low of $24.5B in November on Lower Imports

• India's goods trade deficit shrank to a 5-month low of $24.53 billion in November.
• The decrease was primarily due to a sharp decline in gold, oil, and petroleum imports.
• Merchandise exports rose to $38.13 billion, while imports fell to $62.66 billion in November.
• Major drivers of merchandise exports included engineering goods, electronics, and gems & jewellery.
• The overall trade deficit (merchandise and services combined) for November 2025 was $6.6 billion.

Why It Matters: India's shrinking trade deficit signals improving economic stability.