support@headlinenews360.com
India’s Trade Deficit: US President Donald Trump’s tariff threats will open in this way, perhaps no one would have imagined this. According to data released by the Government of India on Tuesday amidst all the global movement, the country’s trade deficit declined to $ 18.78 billion in June, compared to $ 21.88 billion in May. The country’s goods exports remained stable at $ 35.14 billion in June. Market experts estimated in a survey by news agency Reuters that India’s trade deficit could reach $ 22.24 billion in June.
According to data from the Ministry of Commerce and Industry, India’s exports in June remained almost stable and recorded $ 35.14 billion. It was $ 36.16 billion in June last year. At the same time, imports declined by 3.17 percent and declined to $ 53.91 billion, which was $ 56 billion a year ago.
Service sector boom
In the month of June, the service exports stood at $ 32.84 billion, causing a surplus of $ 15.26 billion. On the other hand, the import in the service sector stood at $ 17.58 billion. Major export areas including petroleum, textiles, gems and jewelery, leather, iron ore, oilseeds, cashews, spices, tobacco and coffee declined during the month.
Petroleum products exported 15.92 percent to $ 4.61 billion in June and 15.63 percent to US $ 17.4 billion during the first quarter. However, an increase in export of engineering, tea, rice, all types of syllas, chemicals, sea products and medicine has been recorded.
Export of electronic goods increased
Commerce Secretary Sunil Barthwal says that during the first quarter of 2025-26, the country’s goods and service exports are estimated to be $ 210 billion, which is an increase of about six percent on an annual basis. He said, “If the growth continues in this way, we will cross the previous year’s export figures.” In FY 2024-25, India’s goods and service exports were at a record high level of $ 825 billion.
Export of electronic goods increased by 46.93 percent to $ 4.14 billion in June. At the same time, it increased by 47.11 percent to $ 12.4 billion during the April-June quarter. Exports rose by 1.92 percent to $ 112.17 billion during the April-June quarter in the current financial year, while imports increased by 4.24 percent to $ 179.44 billion. The commodity trade deficit rose to $ 67.26 billion during April-June 2025, as compared to $ 62.10 billion in the same quarter of the previous financial year.
Reduction in import of crude oil
The top body of Indian exporters Fio President S.K. C. Ralhan urged the government, especially in the field of services, to maintain a clear, field-centric export strategy. Ralhan said, “With India’s digital capabilities and skilled workforce, there is a lot of potential to promote export of services. Investment in digital infrastructure, talent development and targeted international encouragement will be important to maintain this increasing speed. ”
On the import front, crude oil imports declined by $ 8.37 percent 13.8 billion and gold imports by 25.73 percent and $ 1.9 billion. In addition, the estimated price of service exports in June is $ 32.84 billion, compared to $ 28.67 billion this month last year.
Also read: The country of the world where there is no tax, know how their economy runs again!
