New Delhi: The total figure for India’s exports in February 2025 was resulting in USD 71.95 billion, lapsing from the impressive inhabitancy's numbers gathered in the previous month, i.e., USD 74.97 billion. Imports registered a lower rate of year-on-year growth compared with their Feb-24 rate, notwithstanding growing signs of resilience in some areas.
While exports fell in terms of merchandise sector, each sector brought positive and negative numbers to the table, making way for a surgical phenomenon as a whole. There was a definite decline, though; goods exports shrank by almost 11.13% and stood at a final of USD 36.91 billion in February 2025, from USD 41.41 billion in the year-ago period. The leadership of a few sectors within the goods sector also came under fire amidst charges--absence of quests, rather--from the rest; in survival somewhere in the margins.
The merchandise trade against exports reflected a contrasting side as industrial import declined by 5.44%, recovering to levels of USD 50.96 billion from USD 60.92 billion in February. These decreases in imports suggest a fall in the trade balance related to the merchandise sector. Swimming against the tide, service exports, which are the general services exported, were equally impressive in February 2025 at USD 35.03 billion, as opposed to USD 28.33 billion recorded in February 2024.
Such a growth in the services sector, which embraces areas like IT, business services with tourism, served as an antidote against the decline experienced by the merchandise sector. Although somewhat marginally, service imports increased from USD 15.23 billion recorded in the prior year to USD 16.55 billion during the year we are talking about.
Total imports, merchandise and service, came at USD 67.52 billion in February 2025, significantly smaller than USD 76.15 billion shown for February 2024. With respect to trades, the reduction came at an improved for-indirect commercial advantage.
The Ministry of Commerce also mentioned that exports from India between April 2021 and January 2022-testified to strong growth at 7.21%, increasing to a value of about USD 46 billion compared to the previous year. For rice, exports escalated further by over 44.61%, thereby confirming India's status as a major export presence in the rice global market. The trade sector of India continues to remain strong and resilient against the impending global rivalries and the serious playing out of issues of the status of cobalt mines, tariffs on product, and over-the-top demands, offering a bright prognosis for growth in the long term.
[Source Credit: ANI]
