After a brief pause, exports rose 30.55 per cent to $26.19 billion in November on account of improved global demand, government incentives and simplification of GST refund process.
Exports had witnessed a decline of 1.12 per cent to $23 billion in October this year, retreating from a six-month high growth rate in September.
India's exports in November 2016 stood at $20.06 billion. The data released by the Commerce Ministry also revealed that imports too grew 19.61 per cent to $40 billion in November from $33.46 billion in the same month last year.
On account of rise in imports, trade deficit increased marginally to $13.82 billion in November on Y-o-Y basis. However, the deficit — gap between imports and exports — narrowed on month-on-month basis.
November witnessed robust growth in outward shipments of gems and jewellery, engineering goods, chemical and pharmaceutical products.
The government has simplified the process for exporters to claim refunds under the Goods and Services Tax (GST). Input Tax Credit (ITC) and Integrated-GST refunds for exporters are being expedited for quick unlocking of their capital.
Earlier this month, the government had announced Rs 8,450 crore incentives for exporters in sectors like leather and agriculture.