India's exports of goods and services surged by 12.7% year-on-year in April 2025
India's exports of goods and services surged by 12.7% year-on-year in April 2025, reaching $73.8 billion, up from $65.48 billion in April 2024. This growth was driven by strong performances in sectors like electronics, engineering goods, and textiles.
Key Points
- India’s total exports (goods and services) rose by 12.7% year-on-year in April 2025, reaching $73.8 billion, compared to $65.48 billion in April 2024.
- Merchandise exports increased by 9.03% to $38.49 billion, with key contributors being electronics, engineering goods, and gems and jewellery.
- Electronic goods exports surged by 39.5% to $3.69 billion, showing strong global demand in this sector.
- Engineering goods exports grew by 11.3% to $9.51 billion, continuing their steady contribution to India's export basket.
- Exports of gems and jewellery increased by 10.74% to $2.5 billion, reflecting a rebound in demand from key markets.
- Services exports made a strong contribution, resulting in a services trade surplus of $17.77 billion in April 2025.
- Despite robust export growth, imports rose by 15.7%, reaching $82.45 billion, which outpaced export growth.
- India recorded a trade deficit of $8.65 billion in April, which was 50% higher than the $5.77 billion deficit recorded in April 2024.
- The U.S. imposed a 26% tariff on Indian goods in April 2025, but this was temporarily suspended for 90 days as trade talks continued.
- India’s exports to the U.S. still increased significantly, rising from $6.61 billion in April 2024 to $8.42 billion in April 2025 despite tariff concerns.
- The strong growth in exports highlights the resilience of the Indian economy amid global headwinds and trade uncertainties.
- However, the widening trade deficit signals the need for strategic measures to boost export competitiveness and control the rise in imports.
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By: Brijesh Kumar