India’s exports are on a roll! In August 2025, the country’s total exports—combining merchandise and services—hit a strong USD 69.16 billion. That’s a solid 9.34% jump from USD 63.25 billion in the same month last year, according to fresh data from the Union Commerce Ministry.
Breaking it down, merchandise exports climbed from USD 32.89 billion to USD 35.10 billion, while services exports surged from USD 30.36 billion to USD 34.06 billion. On the flip side, imports dipped to USD 79.04 billion from USD 84.99 billion a year ago. This helped shrink the trade deficit to USD 9.88 billion, down sharply from USD 21.73 billion in August 2024.
Looking at the bigger picture for April-August 2025-26, India’s total exports reached USD 349.35 billion, marking a 6.18% year-on-year growth from USD 329.03 billion. Imports also rose by 2.5%, pushing the overall figure to USD 390.78 billion from USD 381.30 billion. The trade deficit for this period narrowed to USD 41.42 billion—a 20.8% drop from USD 52.27 billion last year.
The good news doesn’t stop there. India’s total exports for the full 2024-25 fiscal year soared to a record USD 824.9 billion, up 6.01% from USD 778.1 billion in 2023-24. This beat the initial target of USD 800 billion and set a new milestone for Indian exports.
Services exports led the charge, hitting a historic high of USD 387.5 billion—a 13.6% increase from USD 341.1 billion the previous year. Merchandise exports grew modestly to USD 437.42 billion. However, the overall trade deficit widened to USD 94.26 billion from USD 78.1 billion in 2023-24.
The government has played a key role here with initiatives like the Production Linked Incentive (PLI) scheme. Launched across sectors such as electronics, it aims to boost Indian manufacturers, draw investments, ramp up exports, and cut import reliance. These efforts are clearly paying off, helping integrate India into the global supply chain.
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