New Delhi: India’s combined exports of goods and services climbed to USD 69.16 billion in August 2025, registering a 9.34% increase from USD 63.25 billion in the same month last year, according to the Union Commerce Ministry.
Merchandise shipments rose from USD 32.89 billion to USD 35.10 billion, while services exports advanced from USD 30.36 billion to USD 34.06 billion during the month.
Imports fell to USD 79.04 billion in August, down from USD 84.99 billion in August 2024, leading to a trade deficit of USD 9.88 billion — less than half of the USD 21.73 billion recorded a year earlier.
Between April and August 2025, total exports stood at USD 349.35 billion, reflecting a 6.18% rise compared to USD 329.03 billion in the same period last year. Imports in this period increased by 2.5% to USD 390.78 billion, narrowing the trade gap to USD 41.42 billion, a 20.8% reduction from USD 52.27 billion in 2024.
In the previous fiscal year (2024-25), India’s overall exports touched a record USD 824.9 billion, surpassing the government’s USD 800 billion target. This was 6.01% higher than USD 778.1 billion in 2023-24. Services remained the key driver, reaching USD 387.5 billion, up 13.6% from the year before, while merchandise exports rose slightly to USD 437.42 billion.
The total trade deficit for 2024-25 widened to USD 94.26 billion from USD 78.1 billion in the prior fiscal. Officials attributed the strong export momentum to measures such as the Production Linked Incentive (PLI) scheme, especially in electronics, which has enhanced competitiveness and integrated India into global supply chains.
