By Shivangi Acharya
NEW DELHI (Reuters) -India’s merchandise trade deficit in November stood at $20.58 billion, according to a Reuters calculation based on export and import data released by the government on Friday.
Economists had expected the country’s November trade deficit to be $23.60 billion, according to a Reuters poll.
India’s merchandise exports in November stood at $33.9 billion, while imports were $54.48 billion, government data showed.
In the previous month, merchandise exports were $33.57 billion, while imports stood at $65.03 billion.
Services exports in November were $28.68 billion, while imports were $13.4 billion. In October, services exports were $28.70 billion and imports were $14.32 billion.
(Reporting by Shivangi Acharya; Editing by Edmund Klamann)
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