India’s Exports Decline in January, Trade Deficit Rises to $23 Billion

India’s Exports Decline in January, Trade Deficit Rises to $23 Billion

India’s exports fell by 2.38% in January 2025, reaching $36.43 billion, while imports rose by 10.28% to $59.42 billion, widening the trade deficit to $22.99 billion.

Key Highlights:

 Declining Exports: January marks the third consecutive month of export decline.

 Rising Imports: Driven by higher gold shipments, imports increased.

 Trade Deficit Widening: Up from $21.94 billion in December and $16.55 billion in January 2024.

Sector-Wise Performance:

 Growth: Electronics, pharma, rice, gems & jewellery.

 Decline: Petroleum and chemicals (petroleum exports fell 58.66% to $3.56 billion).

Overall Trade Performance (April-Jan 2024-25):

 Exports: $358.91 billion (up 1.40%).

 Imports: $601.90 billion (up 7.43%).

 Trade Deficit: $242.99 billion.

Expert Insights:

 Challenges: Trade disruptions, currency fluctuations, and declining metal prices.

???? Rupee Depreciation: Down 1.4% against the US dollar, increasing import costs (India imports 90% of its oil).

Despite global uncertainties, India’s goods and services exports are projected to surpass $800 billion in 2025-26.

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