The services exports of the country, which have been the strongest part of the country's growth story for more than two decades, have seen a sharp slowdown in recent years, even though long-term growth remains among the best globally, highlighted a report by DSP Asset Managers.
India's external sector is showing mixed signals as merchandise exports lose momentum amid tariff-related disruptions, however services exports continue to provide critical support to the country's current account position, noted a report by CareEdge.
According to assessments by Crisil, ICICI Bank Research and Emkay Global, the merchandise deficit expanded as gold imports surged nearly 150% quarter-on-quarter, touching USD 19 billion in Q2, while goods exports declined on a sequential basis following the rollout of higher US tariffs on In
The merchandise trade deficit moderated to US$ 87.4 billion in Q2, marginally lower than USD 88.5 billion in the corresponding period last year. Exports and imports both grew, but the increase in exports helped contain the deficit.
India registered sustained export growth in the first seven months of FY2025, reflecting resilience in the face of global economic uncertainty. According to data released by the Commerce Ministry, India's cumulative exports, combining merchandise and services, are estimated at USD 491.80 bil
The recent H1B visa fee hike announced by the US administration will hit more to startups and innovation of the United States than India's IT services exports, said US-India Strategic Partnership Forum (USISPF) President and CEO Mukesh Aghi.
Growth in India's IT services exports could slow to below 4 per cent due to fresh risks from the sharp hike in H-1B visa fees, according to a report by Emkay.
India's overall exports, merchandise and services combined, in August 2025 were reported at USD 69.16 billion, marking a 9.34 per cent rise on a yearly basis, data from the Union Commerce Ministry showed on Monday. The total exports in August 2024 were pegged at USD 63.25 billion.
Israel's Central Bureau of Statistics reported that total services exports (excluding start-ups) in June 2025 amounted to approximately USD 7 billion, an increase of 1.9 per cent after a decrease of 6.7 per cent in the previous month.
India's international trade in services showed notable momentum in June 2025, with both exports and imports registering year-on-year growth, according to data released by the Reserve Bank of India (RBI).
India's overall exports, merchandise and services combined, in May were to the tune of USD 71.12 billion, a 2.77 per cent rise on a yearly basis, Commerce Ministry data showed on Monday. Same month last year it was USD 69.20 billion.