India`s merchandise exports grow marginally by 0.7% to $41.97 billion in March 2025
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).
