In January 2025, India’s overall exports, encapsulating both merchandise and services, reached a considerable USD 74.97 billion, up from USD 68.33 billion in the same month last year, as per Commerce Ministry data. However, the increase accompanied a widened trade deficit of USD 2.67 billion, owing to an import surge reaching USD 77.64 billion from the previous year’s USD 68.72 billion.
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