India's overall trade deficit (merchandise and services) narrowed significantly to USD 3.51 billion in June 2025, down from USD 7.30 billion in June 2024, as exports outpaced imports on a year-on-year basis, government data showed on Tuesday.
India is set to overtake Japan as the world's fourth-largest economy, marking a significant shift in Asia's economic balance, according to the latest Rubix Country Insights Report: Japan by Rubix Data Sciences.
India's merchandise trade deficit likely narrowed modestly to USD 20.7 billion in June, down from USD 21.9 billion in the previous month, driven by easing crude oil prices, muted gold imports, and a shift in sourcing strategy that helped offset global commodity volatility, said a report by U
India's trade deficit is likely to widen to USD 300 billion in the financial year 2025-26, even though oil prices are expected to remain moderate, according to a recent report by ICICI Bank.
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.
Speaking exclusively to ANI, Ambassador Kumar underlined the need for a balanced trade relationship and said both countries are exploring new avenues of economic cooperation, including green hydrogen and advanced manufacturing.
US President Donald Trump's regular targeting of India about the trade deficit and accusations that India unfairly benefits from trade are incorrect, argued Global Trade Research Initiative (GTRI) in a report, explaining threadbare how India fuels US profits beyond trade in what it termed it
India's trade outlook for the current financial year remains uncertain due to the looming threat of reciprocal tariffs by the United States, according to a report by Union Bank of India.
India's overall exports, including merchandise and services, witnessed a rise sharply to USD 73.80 billion in April 2025, marking a 12.7 per cent increase from USD 65.48 billion in the same month last year, according to data released by the Commerce Ministry on Wednesday.
On the occasion of the completion of the 100th day of the Trump administration, Miller stressed that the US will not allow China to steal American intellectual property, illegally dump and subsidise goods in the US market, manipulate its currency, or rack up an unsustainable trade deficit.
Trump had imposed reciprocal tariffs on dozens of countries with which the country has a trade deficit. Later, President Trump had decided to paused the tariffs for 90 days, after many countries initiated talks with the US administration for a trade deal.
India's India's overall export ( Merchandise & Services) showed steady growth in March 2025, with both exports and imports registering year-on-year increases, according to the government data released on Tuesday.