Trade Trends 2024-25: Deficit, Composition, Export Markets
India’s external sector remained resilient in FY 2024-25 despite global uncertainty. Total exports (goods and services) rose about 5.5% to USD 820.9 billion, while imports stood at USD 915.2 billion, resulting in a trade deficit of USD 94.3 billion (1.1 % of GDP). Services exports grew strongly (12%).
Recent Developments
- On 6th May 2025, The Ministry of Education, Government of India, has approved the establishment of an off-campus centre of the Indian Institute of Foreign Trade (IIFT), New Delhi, at GIFT City, Gandhinagar, Gujarat. The centre will be set up in accordance with the UGC (Institutions Deemed to be Universities) ....
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