Indias commerce deficit narrows by 9.4% in Q1 on booming providers exports

Data launched by the Ministry of Commerce and Industry confirmed that India’s total exports elevated to $210.3 billion within the April-June 2025 quarter, up from $198.5 billion within the first quarter of the final monetary yr, a progress of about 6%. 

“If exports develop the way in which they’ve grown in quarter one in all this monetary yr, then we’re going to beat final yr’s file exports,” Commerce Secretary Sunil Barthwal stated at a press briefing. “In truth, for those who take a look at this quarter, each merchandise in addition to providers are within the optimistic territory and higher than what was anticipated by the WTO when it comes to world commerce.”

India’s complete exports had stood at an all-time excessive of $825 billion within the full yr 2024-25.

Within the overall exports, India’s providers exports drove the expansion. Services exports rose to $98.1 billion within the first quarter of this monetary yr, up practically 11% from the $88.5 billion seen in the identical quarter of 2024-25. 

Merchandise exports, nonetheless, grew 2% within the April-June 2025 quarter to $112.2 billion. However, Mr. Barthwal emphasised that a big a part of this slowdown was resulting from falling petroleum costs, since India’s non-petroleum exports grew 6% throughout this era. 

India’s complete imports grew 4.4% in Q1 of this monetary yr to $230.6 billion, with merchandise imports rising 4.2% and providers imports rising 4.9% throughout this era.