Trade Deficit narrowed to USD 99.9 billion for Apr-Nov'13 - Karvy

Exports continued to surge in Nov'13 while imports decelerated sharply in Nov'13. Trade deficit for Apr-Nov'13 shrunk to USD 99.9 billion mainly due to rapid decline in imports in last three months. In last three months, imports declined by 16.6% Y/Y while exports remained strong at 9.9% for the same period. Non oil imports declined by 9.5% YTD primarily due to shrinkage in gold and machinery imports. Exports have surged mainly on account of growth in Petroleum and Crude products Exports, Transport Equipments and Textiles.

Source : Equity Bulls

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