What Factors Led to India's Exports of Goods & Services Rising 12.7% to $73 Billion in April?
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Synopsis
India has recorded a significant boost in its exports of goods and services, achieving a remarkable 12.7% growth in April. This surge to $73.80 billion showcases the resilience of the nation’s economy amidst global challenges. Explore how various sectors contributed to this achievement.
Key Takeaways
- India's exports of goods and services increased by 12.7% in April.
- Merchandise exports rose to $38.49 billion.
- High-value electronic goods saw a significant boost in exports.
- India's trade deficit was $8.65 billion for April.
- Rice exports improved due to better agricultural performance.
New Delhi, May 15 (NationPress) India's overall exports of goods and services experienced a significant increase of 12.7% in April, reaching $73.80 billion compared to $65.48 billion during the same month last year, despite facing global economic challenges due to the US tariff hikes, as reported by the Commerce Ministry.
The nation's merchandise exports surged by 9.03% to $38.49 billion for the month, with high-value electronics and engineering goods seeing remarkable growth.
Exports of electronic goods soared by an impressive 39.51% to $3.69 billion in April, up from $2.65 billion in the same month the previous year.
Engineering goods exports rose by 11.28% to $9.51 billion from $8.55 billion in April of last year, while gems and jewellery exports jumped 10.74% to $2.5 billion from $2.26 billion.
Additionally, ready-made garments showed strong growth, increasing 14.43% to $1.37 billion from $1.2 billion in April last year.
Rice exports also improved, rising 13.63% from $0.95 billion to $1.08 billion during the month, reflecting the agricultural sector's better performance due to favorable monsoon conditions and adequate fertilizer availability.
Marine product exports also thrived with a 17.81% year-on-year increase from $0.49 billion to $0.58 billion. Meanwhile, exports of drugs & pharmaceuticals grew by 2.37% from $2.43 billion to $2.49 billion.
India's services trade imports reached $17.54 billion, up from $16.76 billion in April 2024, resulting in a services trade surplus of $17.77 billion during the month.
This contributed to a reduction in the overall trade deficit, which amounted to $21.54 billion for April.
Total imports of merchandise and services for April this year are estimated at $82.45 billion, reflecting a growth of 15.72% over the same month last year. The overall trade deficit stood at a manageable $8.65 billion.
Point of View
We observe that India’s export growth reflects the nation's adaptive strategies in the face of global economic challenges. While sectors such as electronics and agriculture showcase significant gains, the government must ensure sustainable growth and address the trade deficit to maintain this momentum.
NationPress
20/07/2025
Frequently Asked Questions
What was the growth percentage of India's exports in April?
India's exports grew by 12.7% in April.
How much did India's merchandise exports reach in April?
India's merchandise exports reached $38.49 billion in April.
What was the total value of India’s exports of goods and services in April?
The total value of India’s exports of goods and services in April was $73.80 billion.
Which sector saw the highest growth in exports?
The electronic goods sector experienced the highest growth, increasing by 39.51%.
What was the trade deficit for India in April?
India's trade deficit for April stood at $8.65 billion.
