Trade boost: Exports rebound in November; Piyush Goyal says shipments back in ‘positive territory’
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Trade boost: Exports rebound in November; Piyush Goyal says shipments back in 'positive territory'

Indiaโ€™s merchandise exports, which had fallen sharply in October, have bounced back this month and entered positive territory till November 21, Commerce and Industry Minister Piyush Goyal said on Thursday.After chairing a meeting of the Board of Trade, Goyal told reporters that the latest quick estimates show a clear uptick, according to PTI.โ€œExports are in positive territory,โ€ he said, adding that sectors like seafood have recorded healthy growth.He said the countryโ€™s export trajectory has been improving steadily and that several sectors are showing significant expansion compared with the same period last year.Indiaโ€™s exports had contracted 11.8% to $34.38 billion in October, hit by the impact of higher tariffs imposed by the US. The trade deficit widened to a record $41.68 billion, driven mainly by a surge in gold imports.For Aprilโ€“October FY26, exports inched up 0.63% to $254.25 billion, while imports rose 6.37% to $451.08 billion.On the status of special economic zones (SEZs), Goyal said inter-ministerial discussions are โ€œgoing on very activelyโ€ to make units in these zones more competitive. He added that the surplus capacity in SEZs can be leveraged to reduce imports from countries such as China and ASEAN.



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