Tuesday, July 8, 2025

Creating liberating content

New Delhi’s Indira Gandhi International Airport (IGIA) has been ranked

Related News

NEW DELHI: On his 12th day at the ISS on Tuesday, astronaut Shubhanshu Shukla spoke directly with students from seven schools in Meghalaya and Assam via Ham radio. The session

New Delhi’s Indira Gandhi International Airport (IGIA) has been ranked the ninth busiest airport in the world, handling more than 7.78 crore passengers in 2024, according to a report released

This is an AI-generated image, used for representational purposes only. The finance ministry has asked public sector banks to fast-track education loan applications, directing them to process requests within 15

Titan Company shares tanked 5.5 per cent on Tuesday after its first-quarter business update missed Street expectations, dragging down the billionaire Jhunjhunwala family’s portfolio by nearly Rs 900 crore, according

Dr Nene highlighted something that rarely makes headlines: In 20% of cases, heart attacks present no symptoms at all. These are called “silent heart attacks”. There’s no crushing chest pain,

Toll collections across India’s national highways rose sharply by 19.6 per cent in the first quarter of the current financial year, touching an all-time high of Rs 20,681.87 crore. This

Trending News

Titan Company shares tanked 5.5 per cent on Tuesday after its first-quarter business update missed Street expectations, dragging down the billionaire Jhunjhunwala family’s portfolio by nearly Rs 900 crore, according

Toll collections across India’s national highways rose sharply by 19.6 per cent in the first quarter of the current financial year, touching an all-time high of Rs 20,681.87 crore. This

AI image The United States has extended the suspension of its April 2 reciprocal tariffs until August 1, offering Indian exporters a temporary reprieve and giving negotiators more time to

Adani Power acquires VIPL Adani Power Ltd (APL), India’s largest private thermal power producer, has completed the acquisition of Vidarbha Industries Power Ltd. (VIPL) for Rs 4,000 crore, further cementing

Top stocks to buy today (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Jio Finance, and Varun Beverages Limited

NEW DELHI: US President Donald Trump on Tuesday said that the States was “close to making a deal with India” after he announced new tariffs for 14 nations, including Thailand,

Indian trade: Mechandise exports decline in May; trade deficit narrows to $6.62 billion

Word Count: 643 | Estimated Reading Time: 4 minutes


Indian trade: Mechandise exports decline in May; trade deficit narrows to $6.62 billion

India’s total exports including both merchandise and services, climbed to $71.12 billion in May 2025, marking a 2.77% increase compared to the same month last year, data released by the Union commerce ministry showed on Monday. In May 2024, the figure stood at $69.20 billion.While merchandise exports saw a slight dip from $39.59 billion to $38.73 billion, services exports rose notably, reaching $32.39 billion, up from $29.61 billion a year earlier.On the import front, India brought in goods and services worth $77.75 billion in May, marginally down from $78.55 billion last year. The trade deficit also improved, narrowing to $6.62 billion from the $9.35 billion in May 2024.How were the first two months of FY26?During the first two months of the ongoing financial year (April–May 2025), overall exports reached $142.43 billion, up 5.75% against the corresponding period last year. Imports during the same period also rose by 6.52%, increasing from $149.81 billion to $157.57 billion. However, this growth widened the trade deficit slightly to $17.14 billion, compared to $15.12 billion in the year-ago period.India’s overall exports achieved a record-breaking performance in 2024–25. The country’s total exports hit an all-time high of $824.9 billion, exceeding the initial target of $800 billion and registering a 6.01% growth against the previous year’s $778.1 billion.A major contributor to this surge was the services sector, which registered a historic high of $387.5 billion in exports, an impressive 13.6% rise from the previous fiscal’s $341.1 billion. Meanwhile, merchandise exports recorded a marginal increase to $437.42 billion.Despite this export growth, the country’s overall trade deficit widened in 2024–25 to $94.26 billion, compared to $78.1 billion the previous year.The government’s production linked incentive (PLI) scheme, rolled out across sectors such as electronics, has been crucial in boosting India’s manufacturing competitiveness, drawing foreign investments, and reducing reliance on imports. These targeted efforts appear to be bearing fruit, reflected in the recent uptick in exports.





Source link

Sign In

Welcome ! Log into Your Account