India FY 12 Trade Deficit has touched USD 117 Billion ( YTD Nov )

November Month India Export has grown only 3.87 %( YOY). This is the lowest since October 2009.  This is much less as against the growth we have seen few Months back. It was around 30% . Is it due to slow down in Indian Industrial sector or Global factor? Due to higher Import and less Export the Monthly trade deficit stood at  USD 13.6 billion in November. So we exported only 22.3 Billion but we Imported 35.9 Billion. Surprisingly Import has grown at 24.6%. Now the YTD (FY 12) Trade Deficit has touched USD 117 Billion. This was 93 Billion last year (YTD (FY 11). So till now this year Export is growing @ 33.2% YTD (Value 192.7 Billion USD) and Import is growing @ 30.2% (USD 310 Billion). The leading sector which has grown significantly in Exports are Petro Products (63% growth) & Engineering (40% growth) In the Import side Gold & Crude Oil are the major component. Gold Import has gone up by 56% and Petro products Import has gone up by 43%