Big Win for PM Modi amid Donald Trump’s tariff war, India’s exports to the US spike by…, China also secures a spot, ranks at…

In November, imports stood at USD 62.70 billion. It is worth noting that after a 2 percent decline, the trade deficit narrowed to USD 24.60 billion in November, which is the lowest level since June.

New Delhi: The United States is continuing to purchase a large volume of goods from India despite tariffs imposed by President Donald Trump. As per the data released by the Modi government, India’s export in November spiked by 19.4 percent to USD 38.1 billion, which is the best performance in the last three years. Experts are of the opinion that the main reason behind this surge is higher exports to the United States and China. At the same time, imports declined by 2 percent.

In November, imports stood at USD 62.70 billion. It is worth noting that after a 2 percent decline, the trade deficit narrowed to USD 24.60 billion in November, which is the lowest level since June. In October, India’s exports had fallen by 12 percent. In such a situation, this renewed increase is good news for the Indian economy.

Trump’s decision has no impact:

India’s exports to the United States stood at around USD 7 billion, reflecting a 22.6 percent increase. according to the latest data. This has happened despite Donald Trump imposing a 50% tariff on India.

China is also buying heavily from India

In the month of November, China purchased goods worth USD 2.2 billion from India, marking a 90 percent increase. Moreover, overtaking the Netherlands, China has become India’s third-largest export destination.