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India’s Exports Hit 10-Year November High | Trade Deficit at 5-Month Low | November Trade Data

India’s merchandise exports jumped to a 10-year high of $38.13 billion in November, while the trade deficit narrowed to a five-month low of $24.53 billion. The improvement was driven by lower gold, oil and coal imports and stronger exports to the US, UAE, Netherlands and China. Engineering goods, electronics, gems & jewellery and petroleum led the export growth. ET Now’s Market Cafe decodes the key takeaways from the latest trade data.

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