New Delhi [India], November 17 (ANI): India recorded steady export growth during the first seven months of FY2025, reflecting resilience amid global economic uncertainty. According to data released by the Commerce Ministry, India’s cumulative exports—combining merchandise and services—were estimated at USD 491.80 billion during April–October 2025, up from USD 469.11 billion in the same period last year, marking a 4.84 percent increase.
A key driver of this overall momentum has been the sustained rise in non-petroleum exports. During April–October 2025, non-petroleum exports were valued at USD 219.90 billion, a 3.92 percent increase over the USD 211.60 billion recorded during April–October 2024. This reflects the strength of India’s export ecosystem and its continued expansion across diverse product categories.
Despite a slight moderation in overall exports during October, several high-value sectors continued to support India’s merchandise export growth. Electronic goods, meat, dairy and poultry products, marine products, cashew, and coffee all recorded strong year-on-year growth in October 2025.
Electronic goods exports rose 19.05 percent, increasing from USD 3.43 billion to USD 4.08 billion. Meat, dairy and poultry products grew by 30.87 percent, from USD 0.45 billion to USD 0.58 billion. Marine products rose 11.08 percent, from USD 0.81 billion to USD 0.90 billion. Cashew exports increased by 126.85 percent, from USD 0.03 billion to USD 0.06 billion, while coffee exports grew by 10.91 percent, from USD 0.12 billion to USD 0.13 billion.
The surge across these sectors highlights the diversification of India’s merchandise export basket, driven by strengthening global demand and improved market access for Indian goods.
However, in October 2025, India’s combined merchandise and services exports dipped slightly to USD 72.89 billion, compared to USD 73.39 billion in October 2024. Imports saw a significant rise, climbing to USD 94.70 billion from USD 82.44 billion a year earlier. The increase was largely attributed to a spike in bullion inflows, with gold imports rising to USD 8.9 billion and silver imports reaching USD 2.72 billion.
This jump widened India’s trade deficit for October 2025 to USD 21.80 billion, more than double the USD 9.05 billion recorded in October 2024. Commerce Ministry officials clarified that USD 10–12 billion of this expansion resulted from higher gold and silver imports.
Despite global headwinds, India’s services sector remains strong, growing at 9–10 percent. Export performance in the first two quarters of the fiscal year has been particularly robust, with both quarters registering record-high export levels.
Exports to the United States remained positive overall, although October saw a year-on-year dip. Sectors affected by reciprocal tariffs experienced relatively weaker performance during the month.
The Commerce Ministry expects India’s export momentum to remain steady, supported by resilient services exports, expanding global market access, growing diversification in merchandise shipments, and policy measures aimed at enhancing competitiveness.
India’s non-petroleum export growth and strong sectoral performance in October signal a stable and expanding trade trajectory for the remainder of FY2025.
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