Trade deficit narrowed to USD 9.88 billion in August; imports fall 7 per cent

Indias overall exports merchandise and services combined in August 2025 were reported at USD 6916 billion marking a 934 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 6325 billionExports of merchandise goods rose from USD 3289 billion to USD 3510 billion and exports of services rose from USD 3036 billion to USD 3406 billion during August 2025India imported goods and services worth USD 7904 billion down from USD 8499 billion in the same month last yearThe trade deficit in August narrowed to USD 988 billion from USD 2173 billion same month last yearSo far in 202526 AprilAugust Indias total exports now stood at around USD 34935 billion up 618 per cent yearonyear from USD 32903 billion in the year ago periodThe countrys imports too increased yearonyear in AprilAugust by 25 per cent as per data published todayOverall imports both merchandise and services combined during AprilAugust increased from USD 38130 billion to USD 39078 billionAprilAugust combined trade deficit meaning the difference between the exports and the imports was at USD 4142 billion compared with USD 5227 billion same period of last fiscal down 208 per centIndias total exports have touched an alltime high of USD 8249 billion in the recentlyconcluded financial year 202425 This marks a yearly growth of 601 per cent over USD 7781 billion exports in 202324 setting a new annual milestoneThe 202425 exports exceeded the initial anticipation of USD 800 billionIn 202425 services exports continued to drive the growth momentum reaching a historic high of USD 3875 billion up 136 per cent from USD 3411 billion in the previous yearIn 202425 merchandise exports stood at USD 43742 billion in 202425 with a marginal increaseIndias total trade deficit merchandise and services for the fiscal year 202425 widened to USD 9426 billion from USD 781 billion in 202324Among 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 exportsThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever