New Delhi: As global economic uncertainties persist, India’s exports have faced a fourth consecutive monthly decline, reaching $36.91 billion in February 2025. This downturn is particularly notable given the country’s reliance on international trade for economic growth. However, despite these challenges, India’s trade deficit narrowed significantly to $14.05 billion in February, largely due to a substantial reduction in imports. On a more positive note, India’s cumulative exports for the period from April to February 2024-25 showed a 6.24% increase, reflecting resilience in the face of adversity.
In the main, India’s merchandise exports in February 2025 were $36.91 billion, a decline from $41.41 billion in February 2024. This decrease was partly attributed to volatility in petroleum prices and ongoing global uncertainties. Meanwhile, imports decreased to $50.96 billion in February 2025 from $60.92 billion in February 2024, contributing to the narrowed trade deficit. The trade deficit for February 2025 was $14.05 billion, a significant reduction from January’s $22.9 billion.
Cumulatively, from April to February 2024-25, India’s merchandise and services exports rose to $750.53 billion, marking a 6.24% increase over the previous year. This growth underscores the country’s ability to adapt to challenging global conditions. Additionally, non-petroleum merchandise exports have shown a notable growth of 6.43% during the fiscal year so far, highlighting a strong sectoral performance amidst broader economic challenges.
