The commerce ministry in its latest data has showed that
India's merchandise exports, after four months of decline, turned positive and
grew marginally by 0.7 per cent to $41.97 billion in March 2025 as compared to
$ 41.69 billion in March 2024. Besides, merchandise imports increased by 11.3
per cent to $63.51 billion in March 2025 as compared to $57.03 billion in March
2024. The trade deficit, or the gap between imports and exports, widened to
$21.54 billion in March 2025. The trade deficit in February 2025 was $14.05
billion. In March 2024, it stood at $15.33 billion.
According to the data, merchandise exports during FY 2024-25
(April-March) were $437.42 billion as compared to $437.07 billion during FY
2023-24 (April-March). Merchandise imports during FY 2024-25 (April-March) were
$720.24 billion as compared to $678.21 billion during FY 2023-24 (April-March).
Merchandise trade deficit during FY 2024-25 (April-March) was $282.83 billion
as compared to $241.14 billion during FY 2023-24 (April-March).
It further said non-petroleum and non-gems & jewellery
exports in March 2025 were $34.17 billion compared to $33.66 billion in March
2024. Non-petroleum and non-gems & jewellery exports in FY 2024-25
(April-March) were $344.26 billion as compared to $320.21 billion in FY 2023-24
(April-March). Non-petroleum, non-gems & jewellery (gold, silver &
precious metals) imports in March 2025 were $37.76 billion as compared to
$35.85 billion in March 2024. Non-petroleum, non-gems & jewellery (gold,
silver & precious metals) imports in FY 2024-25 (April-March) were $453.62
billion, as compared to $424.67 billion in FY 2023-24 (April-March).
Source: Ace Equity
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