A surprise jump in shipments to the US despite high tariffs pulled India’s merchandise exports to a three month high of $ 38.13 billion in November, a growth of 19.37% on year. The growth wasthe highest in three years and coupled with a 1.88% decline in imports to $ 62.66 billion which brought down the trade deficit to a five month low of $ 24.53 billion.

After contracting for the two straight months after the imposition of additional duties in August, the exports to the US grew 22% year-on-year to touch $ 6.98 billion. Other geographies that contributed to the November performance was China where the exports were up 90% to $ 2.20 billion.

In April-November exports to the US have grown 11.38% on year to $ 59.04 billion while to China the growth has been 32.83%........

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