Exports Grow, But Imports Soar Further

INDIA'S TRADE DYNAMICS in April 2025 was a mixed bag — some wins, some warning signs.

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Let's start with the good news: merchandise exports bounced back impressively, growing nine per cent year-on-year to $38.5 billion. That's a big leap from March's paltry 0.7 per cent rise and even better considering exports had been contracting for four months before that. The United States and the United Arab Emirates, India's top two export destinations, played a big part here, with demand for oil, gems and jewellery, electronics (especially smartphones), and garments