India's trade gap shrinks big time in November
India's trade deficit dropped sharply to $24.53 billion in November 2025—its lowest in five months and way better than what experts predicted.
That's a huge improvement from October, showing that things are looking up for the country's trade balance.
Exports up, imports down—here's why
Exports jumped nearly 20% compared to last year, hitting $38.13 billion, while imports slipped a bit thanks to less spending on gold, oil, and coal.
This combo really helped narrow the gap.
US tariffs? India still holding strong
Even with hefty 50% US tariffs since August, Indian exports haven't lost steam.
The government stepped in with GST cuts and export perks to keep things moving.
PM Modi even chatted with President Trump recently after a US team visited India.
What does the US want?
During their talk, the US pushed for lower Indian tariffs and more access for American products like soybeans and grain sorghum.
These back-and-forths are part of ongoing trade talks as both sides try to work through some pretty tough disagreements.