New Delhi, Dec. 15 -- India's external trade performance showed marked improvement in November 2025, with exports rebounding strongly and the merchandise trade deficit narrowing to a five-month low, reflecting easing import pressures and resilient overseas demand.

According to Aditi Nayar, Chief Economist, ICRA Ltd, "Following supply normalisation after the holidays and decreased demand post the festive season, merchandise exports rose and imports declined sharply, compressing the trade deficit to a five-month low of US$24.5 billion in November 2025 from US$41.7 billion in October 2025 and US$31.9 billion in November 2024."

"With the increase in the average merchandise trade deficit in October-November 2025, we estimate the current acco...