India goods exports rise in November despite U.S. tariffs
India's exports rose in November even as the goods from the country continue to be subject to high U.S. tariffs.
TL;DR
- India's goods exports rose 19% year-on-year to $38.13 billion in November.
- The merchandise trade deficit decreased to $24.5 billion in November from a record high in October.
- Exports to the U.S. increased by 22.6% in November.
- Exports of electronics, gems and jewelry, engineering goods, and textiles showed improvement.
- India maintained positive export growth with 14 out of its 20 major trading partners.
- Trade negotiations between the U.S. and India are ongoing, with potential for tariff reductions.