India’s trade deficit, or the difference between imports and exports, for January 2025, amounted to $ 22.99 billion, going from $ 21.94 billion on an increase in the law in matters import due to a rapidly decreasing currency.
The trade deficit marked an increase of 24.85% on an annual basis (Yoy). The cumulative trade deficit from April 2024 to January 2025 reached $ 87.47 billion, compared to $ 70.06 billion in the same period of the previous year.
Exports of goods in January raised $ 36.43 billion, compared to $ 38.01 billion in December, while imports for the month were $ 59.42 billion. In December, imports were $ 59.95 billion.
Exports of services in January were estimated at $ 38.55 billion and imports to $ 18.22 billion compared to $ 32.66 billion and $ 17.50 billion, respectively, in December.
During the April-January period of this exercise, exports increased by 1.39% to 358.91 billion dollars and imports of 7.43% to $ 601.9 billion.
As of January 15, India exports increased by 6.03% in April-December 2024, reaching around 602.64 billion dollars, compared to $ 568.36 billion in the same period 2023.
Commerce secretary, Sunil Barthwal, underlined solid export performance in April 2024 to January 2025. “Our exports in April-January experienced 7.21%. In April-July, we attended an increase of $ 46 billion compared to the same period last year. During the same period, our exports of goods earned $ 5 billion, “he said.
Among the key sectors, rice exports experienced an impressive leap of 44.61%, strengthening the domination of India in world rice trade. In addition, exports of precious stones and jewelry saw a revival, increasing by 15.9% in January, marking a significant recovery in the segment.
Despite the ongoing geopolitical conflicts and pricing challenges, India exports have remained resilient, reflecting the force of business policies of the country and demand from the global market.
As part of the Union 2025 budget, the government highlighted exports as one of the four key motors in growth. The new mission to promote exports will focus on increasing exports with a range of regimes aimed at new exporters, unexploited markets and innovative products. In addition, the mission aims to approach the important non -tariff obstacles with which MPMs are confronted, which have often embarrassed their ability to compete worldwide.
