Good news India as country’s August exports jump over 9% despite US tariff concerns
GH News September 15, 2025 07:06 PM
New Delhi: Indias overall exports merchandise and services combined in August 2025 were reported at USD 69.16 billion marking a 9.34 per cent rise on a yearly basis data from the Union Commerce Ministry showed on Monday. The total exports in August 2024 were pegged at USD 63.25 billion. Exports of merchandise goods rose from USD 32.89 billion to USD 35.10 billion and exports of services rose from USD 30.36 billion to USD 34.06 billion during August 2025. India imported goods and services worth USD 79.04 billion down from USD 84.99 billion in the same month last year. The trade deficit in August narrowed to USD 9.88 billion from USD 21.73 billion same month last year. So far in 2025-26 April-August Indias total exports now stood at around USD 349.35 billion up 6.18 per cent year-on-year from USD 329.03 billion in the year ago period. The countrys imports too increased year-on-year in April-August by 2.5 per cent as per data published today. Overall imports both merchandise and services combined during April-August increased from USD 381.30 billion to USD 390.78 billion. April-August combined trade deficit meaning the difference between the exports and the imports -- was at USD 41.42 billion compared with USD 52.27 billion same period of last fiscal down 20.8 per cent. Indias total exports have touched an all-time high of USD 824.9 billion in the recently-concluded financial year 2024-25. This marks a yearly growth of 6.01 per cent over USD 778.1 billion exports in 2023-24 setting a new annual milestone. The 2024-25 exports exceeded the initial anticipation of USD 800 billion. In 2024-25 services exports continued to drive the growth momentum reaching a historic high of USD 387.5 billion up 13.6 per cent from USD 341.1 billion in the previous year.In 2024-25 merchandise exports stood at USD 437.42 billion in 2024-25 with a marginal increase. Indias total trade deficit (merchandise and services) for the fiscal year 2024-25 widened to USD 94.26 billion from USD 78.1 billion in 2023-24. Among various steps the government took was to launch a Production Linked Incentive (PLI) scheme in varied sectors including electronic goods to make Indian manufacturers globally competitive attract investments enhance exports integrate India into the global supply chain and reduce dependency on imports. These seemed to have reaped dividends for rising exports.
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