Exports Boom, Deficit Dips: India Clocks USD 67.98 Billion in June 2025 With Help from PLI and FTAs
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.
The decline in the trade deficit reflects stronger export performance, aided by resilient demand in key global markets and robust service sector growth.
The data suggests that overall exports (merchandise and services) rose to USD 67.98 billion in June 2025, compared to USD 63.83 billion in the same month last year, with a jump of nearly 6.5 per cent.
Meanwhile, overall imports also saw a marginal rise, reaching USD 71.50 billion in June 2025 compared to USD 71.14 billion in same period of the last year, indicating stable domestic demand and softening global commodity prices.
The improved trade balance is a positive sign for India’s current account position and broader economic fundamentals.
The country’s trade deficit in May had also narrowed to USD 6.62 billion from USD 9.35 billion same month last year.
In May 2025, India’s overall exports, merchandise and services combined, were reported at USD 71.12 billion, marking a 2.77 per cent rise on a yearly basis. The total exports in May 2024 were pegged at USD 69.20 billion.
Among various steps the government took to increase exports include the Production Linked Incentive (PLI) scheme in 14 sectors, including electronic goods, telecom, EVs battery to name a few.
The production linked incentive (PLI) scheme of the government has helped India’s export growth and make Indian manufacturers globally competitive, attract investments, enhance exports, integrate India into the global supply chain and reduce dependency on imports.
The government has set a target of USD 1 trillion of exports in the current financial year 2025-26.
The free trade agreements (FTA) signed and under negotiations with various countries will boost exports. The most recent FTA was signed with the United Kingdom and the UAE.
Commerce and Industry Secretary Sunil Barthwal had on Monday said at an Industry summit highlighted the importance of FTAs, Barthwal noted that the “India-UK” FTA has a special chapter on Innovation, thereby strengthening innovation corridors between partner countries.
He further added that FTAs ensure regulatory practices and institutional mechanisms between two sets of partners that can be harmonized and sustained
(From ANI)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
Always bold with her opinions, she also never misses the chance to weave in expert voices, keeping things balanced and insightful. In short, Aishwarya brings a fresh, sharp, and fact-driven voice to every story she touches.
Amit Shah Issues Big Statement, Says After Commonwealth Games, Ahmedabad Will Host Olympics In 2036
Before the Olympics, Shah said, Ahmedabad will host nearly a dozen national and international sports…
From Jhol Momo To Kulfi: Inside Full Menu Served To Russian President Putin At Rashtrapati Bhavan
The banquet began with a warm, clear soup called Murungelai Chaaru. This was followed by…
Watch: US President Donald Trump Awarded First-Ever FIFA Peace Prize At 2026 World Cup Draw
FIFA President Gianni Infantino personally presented the award to Trump, calling him a leader 'who…
