India’s Nov Merchandise Exports Fall By Over 9% YoY  

New Delhi, Dec 2 : Rising coronavirus cases and subsequent lockdowns in key export markets dragged India’s merchandise exports lower by 9.07 per cent in November, preliminary data showed on Wednesday.

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The country’s merchandise exports during the month under review receded to $23.43 billion from $25.77 billion in November 2019

“Exports during April-November 2020-21 were USD173.49 billion, as compared to USD211.17 billion during the same period last year, exhibiting a negative growth of 17.84 per cent,” a Ministry of Commerce and Industry statement said on the basis of preliminary data.

“In November 2020, the value of non-petroleum exports was USD21.95 billion, registering a negative growth of 0.03 per cent over November 2019.”

However, the data showed that value of non-petroleum and non-gems and jewellery exports in November 2020 was $19.26 billion as compared to $19.37 billion in November 2019, registering a negative growth of 0.59 per cent.

“The cumulative value of non-petroleum and non-gems and jewellery exports in April-November 2020-21 was USD 144.04 billion, as compared to USD 157.09 billion for the corresponding period in 2019-20, exhibiting a decrease of 8.30 per cent,” the statement said

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