Supply Chain Research

India’s trade activity experienced a rebound in November with a 31% surge in exports after a 2% drop on a year earlier the previous month. Growth throughout the second half had been held back by complications in securing general sales tax (GST) refunds, with this data suggesting that problem may be lessening. Much of the growth has been led by oil products (49%) and other commodities though the pharmaceutical sector also saw a 13% growth despite a weakening global price environment. Apparel was the worst performing sector with a 10% slide in exports, partly reflecting the ongoing weaknes...