Скачать или смотреть India’s Trade Deficit Narrows Sharply in November 2025

India’s merchandise trade deficit for November 2025 fell sharply to $24.53 billion, down from $41.68 billion in October, the lowest in five months and above market expectations.

Key Highlights:
→ Exports rebound: +19.4% MoM to $38.1 billion, the highest November exports in nearly a decade
→ Imports decline: $62.6 billion, aided by lower commodity and gold purchases
→ Overall trade: Services included, the trade deficit also narrowed YoY
→ Macro impact: A weaker rupee helped exports, and the narrower deficit eases pressure on India’s current account

Economists view November’s numbers as a normalization after October’s spike, signaling a positive trend for India’s external balance.

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