India’s total exports of both merchandise and services for January 2025 are estimated at $74.97 billion, registering a growth of 9.72 per cent vis-a-vis January 2024. The major drivers of merchandise export growth in January 2025 include electronic goods, engineering goods, drugs & pharmaceuticals, rice, and gems & jewellery. The merchandise trade deficit of the country during April-January 2024-25 worked out to $242.99 billion as compared to $206.29 billion during April/January 2023-24, according to the Commerce and Industry Ministry on Monday. The cumulative value of merchandise exports during. April/Jan 2024/25 was $358.91 billion, as compared. to $353.97billion in April/ Jan 2023/24. The country’S total imports (merchandise and services combined) for January 25 are estimated. at $77.64 billion, registered a positive growth of 12.98 per cent. The total imports during April./ Jan 2024/Jan 2025 were $770.06 billion, which represents a. growth of 8.96 per cent over the same period. The trade deficit for April-Jan 2024-Jan 2025 was $242 million, up 1.39 per cent from the same time last year.
