India's Export Growth: A Closer Look at March's Trade Figures
In March 2024, India's exports experienced a modest growth of 0.7%, totaling USD 41.97 billion, while the trade deficit reached USD 21.54 billion. The latest data from the commerce ministry highlights a significant rise in imports, which increased by 11.3% year-on-year. For the fiscal year 2024-25, total exports slightly rose to USD 437.42 billion, while imports climbed to USD 720.24 billion. Overall, the country's exports of goods and services saw a 5.5% increase, amounting to USD 820.93 billion. Discover more about these economic trends.
| Apr 15, 2025, 15:00 IST
March Trade Data Reveals Export Trends
New Delhi: In March, India's exports saw a slight increase of 0.7%, reaching USD 41.97 billion, while the trade deficit for the month was reported at USD 21.54 billion, according to the latest figures released by the government.
The data from the commerce ministry indicates that imports rose significantly by 11.3% year-on-year, totaling USD 63.51 billion in March.
For the fiscal year 2024-25 (April-March), India's total exports experienced a marginal rise of 0.08%, amounting to USD 437.42 billion, while imports surged by 6.62% to USD 720.24 billion.
Overall, the country's exports of goods and services increased by 5.5%, reaching a total of USD 820.93 billion.