New Delhi: India’s overall exports of goods and services touched USD 69.16 billion in August 2025, reflecting a 9.34% increase year-on-year, according to data released by the Union Commerce Ministry on Monday. In August 2024, total exports stood at USD 63.25 billion.
Merchandise exports grew from USD 32.89 billion to USD 35.10 billion, while services exports increased from USD 30.36 billion to USD 34.06 billion during the same period.
Imports declined to USD 79.04 billion in August 2025, compared to USD 84.99 billion in the corresponding month last year. This helped narrow the monthly trade deficit to USD 9.88 billion, a sharp drop from USD 21.73 billion in August 2024.
From April to August 2025, India’s combined exports reached USD 349.35 billion, up 6.18% year-on-year, against USD 329.03 billion in the same period of the previous fiscal. Imports during this period rose 2.5%, from USD 381.30 billion to USD 390.78 billion. Consequently, the trade deficit for April-August stood at USD 41.42 billion, 20.8% lower than USD 52.27 billion in 2024.
In the financial year 2024-25, India’s overall exports hit an all-time high of USD 824.9 billion, surpassing the government’s projection of USD 800 billion. This marked a 6.01% growth from USD 778.1 billion in 2023-24. Services exports drove the growth, climbing to a record USD 387.5 billion, up 13.6% from the previous year, while merchandise exports rose marginally to USD 437.42 billion.
The overall trade deficit in 2024-25 widened to USD 94.26 billion, compared to USD 78.1 billion in 2023-24. Officials credited initiatives like the Production Linked Incentive (PLI) scheme, particularly in electronics and other sectors, for boosting exports and integrating Indian manufacturers into global supply chains.
