India's trade gap widens in December

India’s merchandise trade deficit widened in December following a sharp rise in imports, even as demand for its goods in the US remained resilient despite steep tariffs.

- Dhirendra Kumar

India’s merchandise trade deficit widened in December following a sharp rise in imports, even as demand for its goods in the US remained resilient despite steep tariffs.

Merchandise exports rose to $38.51 billion in December from $37.80 billion a year ago, while imports surged to $63.55 billion from $58.83 billion, resulting in a deficit of $25.04 billion during the month. Trade gap in November had stood at $24.53 billion and $20.63 billion in December 2024, per provisional data released by the ministry of commerce and industry.