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India's exports up by 4.9%, trade deficit up much higher in Q1 FY25
The Daily Guardian
|October 17, 2024
India's exports, merchandise and services combined increased by 4.86 per cent year on year, standing at USD 393.22 for April-September 2024-25, as Commerce Ministry data showed on Wednesday.
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However, despite growth in exports, trade deficit increased to a much larger extent. Trade deficit for April-September period went up by 24.11 per cent from USD 44.18 billion to USD 54.83 billion.
The overall import for the first half of FY25 stood at USD 448.05 billion, up from USD 419.18 billion, an increase of 6.89 per cent.
Merchandise exports increased from USD 211.08 billion to USD 213.22 billion. While the services exports rose from USD 163.92 billion to USD 180 billion.
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