How Did India’s Exports of Goods & Services Surge 12.7% to $73.8 Billion in April?
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Synopsis
India's exports of goods and services experienced remarkable growth in April, reaching $73.80 billion. This surge is a testament to the resilience of India's economy amid global uncertainties. Electronic goods and engineering products led this growth, showcasing India's manufacturing strength. Discover how these trends are shaping the future of Indian trade.
Key Takeaways
- India's exports of goods and services grew by 12.7% in April.
- Total exports reached $73.80 billion.
- Electronic goods saw a remarkable 39.51% increase.
- Engineering goods exports rose 11.28%.
- Rice exports grew by 13.63%.
New Delhi, May 15 (NationPress) India's total exports of goods and services experienced a remarkable growth of 12.7 per cent in April, reaching $73.80 billion compared to $65.48 billion in the same month last year. This growth occurred despite global economic uncertainties due to US tariff increases, as reported by the Commerce Ministry on Thursday.
The country's merchandise exports surged by 9.03 per cent to $38.49 billion in April, with significant contributions from high-value electronics and engineering products.
Exports of electronic goods soared by an astonishing 39.51 per cent, rising to $3.69 billion in April from $2.65 billion in the same month last year.
Engineering goods exports rose by 11.28 per cent to $9.51 billion, up from $8.55 billion in April last year, while gems and jewellery exports increased by 10.74 per cent to $2.5 billion from $2.26 billion.
Ready-made garments also saw impressive growth, with a 14.43 per cent increase to $1.37 billion from $1.2 billion in April last year.
Rice exports grew by 13.63 per cent, climbing from $0.95 billion to $1.08 billion, reflecting the improved performance of the agricultural sector due to favorable monsoon conditions and adequate fertilizer availability.
Marine products exports also thrived, witnessing a 17.81 per cent year-on-year increase from $0.49 billion to $0.58 billion during the month, while drugs and pharmaceuticals exports rose by 2.37 per cent, increasing from $2.43 billion to $2.49 billion.
India's services trade imports reached $17.54 billion, a rise from $16.76 billion in April 2024, resulting in a surplus of $17.77 billion for services trade during the month.
This positive performance helped to alleviate the country's overall trade deficit, which increased to $21.54 billion for April.
Total imports of merchandise and services for April are estimated at $82.45 billion, marking a growth of 15.72 per cent compared to the same month last year. The overall trade deficit amounts to a manageable $8.65 billion.
Point of View
I recognize that India's impressive export growth comes as a beacon of hope amidst challenging global economic conditions. The resilience displayed by various sectors, particularly electronics and engineering, reinforces the nation's commitment to economic progress. This news reflects India's potential on the world stage, and we must continue to support and enhance these sectors for sustained growth.
NationPress
08/06/2025
Frequently Asked Questions
What is the percentage growth of India's exports in April?
India's exports of goods and services grew by 12.7% in April.
What was the total value of India's exports in April?
India's total exports reached $73.80 billion in April.
Which sector saw the highest growth in exports?
The electronic goods sector experienced the highest growth, increasing by 39.51%.
What is the significance of the export growth despite global uncertainties?
The growth highlights India's economic resilience and adaptability in challenging global conditions.
What was the trade deficit for India in April?
India's overall trade deficit for April was $8.65 billion.
