India Nov trade deficit at a record $23.27 billion

India posted a record trading deficit of $23.27 billion last month, compared to $10.19 billion the previous year, according to preliminary data released by the government on Wednesday.

Exports of merchandise from India climbed to $29.88 billion in November from $23.62 billion during the same period in the previous year.

Meanwhile, imports increased by $53.15 billion during November, up from $33.81 billion the year before.