<p>New Delhi: India's <a href="https://www.deccanherald.com/tags/exports">exports</a> turned positive after four months, recording a marginal 0.7 per cent increase to $ 41.97 billion in March, while overall exports of goods and services have crossed an all-time high of $ 820 billion in the last fiscal despite global economic uncertainties.</p><p>India's trade deficit widened to $21.54 billion in March from $14.05 billion recorded in the previous month due to a sharp jump in imports, official data showed on Tuesday. </p><p>The country’s merchandise imports surged by 11.3% year-on-year to $63.51 billion in March, while imports increased marginally by 0.7% to $41.97 billion during the month under review.</p>.India's gems, jewellery exports dip by 11.72 pc at $28.5 bn in FY25: GJEPC.<p>Cumulative exports for the full financial year 2024-25 stood at $437.42 billion, which is marginally higher than the previous year's $437.07 billion.</p><p>Cumulative imports during the financial year 2024-25 jumped by 6.62% to $720.24 billion. The jump in imports has led to widening in trade deficit $282.82 billion during the year ended March 2025.</p><p>India’s overall exports (merchandise and services combined) increased by 5.5% to $820.93 billion in 2024-25.</p><p>The sluggish increase in merchandise exports in 2024-25, according to officials, was largely due to lower prices of petroleum products. Speaking at a media briefing Commerce Secretary Sunil Barthwal said India witnessed the highest ever export of non-petroleum merchandise during the fiscal year ending March 2025.</p><p>“Our overall exports will be the highest ever, and they have crossed a threshold of $820 billion,” Barthwal said.</p><p>He added that the overall export figure would be even higher as the final figures of services are yet to be released.</p><p>Federation of Indian Export Organisations (FIEO) President S C Ralhan said a 5.5% increase in overall exports highlighted the “strong performance of the services sector, which played a key role in offsetting the modest growth in merchandise exports.”</p><p>"The merchandise export data belied expectations of a front loading of shipments ahead of the proposed tariffs, contributing to a higher-than-expected deficit figure. We now anticipate a current account surplus of US$1-3 billion in Q4 FY2025, with a full year deficit of around 0.9% of GDP," said Aditi Nayar, Chief Economist at ICRA.</p>
<p>New Delhi: India's <a href="https://www.deccanherald.com/tags/exports">exports</a> turned positive after four months, recording a marginal 0.7 per cent increase to $ 41.97 billion in March, while overall exports of goods and services have crossed an all-time high of $ 820 billion in the last fiscal despite global economic uncertainties.</p><p>India's trade deficit widened to $21.54 billion in March from $14.05 billion recorded in the previous month due to a sharp jump in imports, official data showed on Tuesday. </p><p>The country’s merchandise imports surged by 11.3% year-on-year to $63.51 billion in March, while imports increased marginally by 0.7% to $41.97 billion during the month under review.</p>.India's gems, jewellery exports dip by 11.72 pc at $28.5 bn in FY25: GJEPC.<p>Cumulative exports for the full financial year 2024-25 stood at $437.42 billion, which is marginally higher than the previous year's $437.07 billion.</p><p>Cumulative imports during the financial year 2024-25 jumped by 6.62% to $720.24 billion. The jump in imports has led to widening in trade deficit $282.82 billion during the year ended March 2025.</p><p>India’s overall exports (merchandise and services combined) increased by 5.5% to $820.93 billion in 2024-25.</p><p>The sluggish increase in merchandise exports in 2024-25, according to officials, was largely due to lower prices of petroleum products. Speaking at a media briefing Commerce Secretary Sunil Barthwal said India witnessed the highest ever export of non-petroleum merchandise during the fiscal year ending March 2025.</p><p>“Our overall exports will be the highest ever, and they have crossed a threshold of $820 billion,” Barthwal said.</p><p>He added that the overall export figure would be even higher as the final figures of services are yet to be released.</p><p>Federation of Indian Export Organisations (FIEO) President S C Ralhan said a 5.5% increase in overall exports highlighted the “strong performance of the services sector, which played a key role in offsetting the modest growth in merchandise exports.”</p><p>"The merchandise export data belied expectations of a front loading of shipments ahead of the proposed tariffs, contributing to a higher-than-expected deficit figure. We now anticipate a current account surplus of US$1-3 billion in Q4 FY2025, with a full year deficit of around 0.9% of GDP," said Aditi Nayar, Chief Economist at ICRA.</p>