India’s trade deficit narrowed in June 2025, services sector showed strength, know
Yogesh
India’s trade deficit narrowed in June 2025, services sector showed strength, know
According to data released by the Indian government on Tuesday, the country’s trade deficit narrowed to $18.78 billion in June 2025. It was $21.88 billion in May. Economists polled by Reuters had forecast a trade deficit of $22.24 billion in June. The data from the Ministry of Commerce and Industry shows that India’s exports remained almost stable in June at $35.14 billion, compared to $35.16 billion in June last year. At the same time, imports declined by 3.71 percent to $53.92 billion from $56 billion. Meanwhile, trade in services performed well. In June, a surplus of $15.62 billion was recorded in services trade. Services exports were $32.84 billion, while imports were $17.58 billion. This figure reflects the strength of India’s services sector, which is an important part of the economy. Trade with America increased, emphasis on FTA India’s trade with the US also appeared to be positive. India’s exports to the US increased to $17.25 billion in April-May 2025, from $14.17 billion in the…
