Riding on a services export boom, India’s trade deficit narrows by 9.4% in Q1

India will top last year’s exports record if growth continues at same pace, says Commerce Secy; services exports rose almost 11% in Q1; merchandise exports grew just 2%, partly due to falling petrol prices

Jul 15, 2025 - 21:20
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Riding on a services export boom, India’s trade deficit narrows by 9.4% in Q1
India will top last year’s exports record if growth continues at same pace, says Commerce Secy; services exports rose almost 11% in Q1; merchandise exports grew just 2%, partly due to falling petrol prices

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