Exports inch up 0.7% to $41.97 billion in March; trade deficit hits $21.54 billion

Imports increased by 11.3% year-on-year to $63.51 billion in March. File
| Photo Credit: Vipin Chandran

India’s exports grew marginally by 0.7 % to $41.97 billion in March, while the trade deficit stood at $21.54 billion in the month, the latest government data showed on Tuesday (April 15, 2025).

Imports increased by 11.3% year-on-year to $63.51 billion in March, according to the data released by the Commerce Ministry data.

Editorial | ​High base effect: On a shrinking trade deficit, rising exports

Cumulatively, during the 2024-25 fiscal year (April-March), the country’s exports moved up a tad by 0.08% to $437.42 billion, while imports climbed by 6.62% to $720.24 billion.

The country’s overall exports of goods and services increased by 5.5% to $820.93 billion.