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India Nov trade deficit at record $23.27 billion -Breaking

by Mike Robinson

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NEW DELHI, (Reuters) – India recorded a record-breaking merchandise trade deficit in November at $23.27 billion, compared to $10.19 billion a decade ago. This was according to preliminary data that the government released on Wednesday.

India’s goods exports grew to $29.88billion for November, up from $23.62billion last year. Meanwhile, imports climbed to $53.15billion last month from $33.81billion last year.

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