Inde Balance Commerciale

The merchandise trade deficit in India was at $37.8 billion in November of 2024, the highest on record, widening sharply from the $20.6 billion shortfall from the corresponding period of the previous year, and well ahead of expectations that centered around a $23 billion deficit. Imports soared by 27% from the previous year to $69.95 billion, also a record high. In turn, exports dropped by 5.3% annually to $32.1 billion, the lowest in two years.