Breaking its two-month declining run, India’s exports recorded a solid growth of 7.29%, reaching $37.24 billion in July 2025, even as the country’s trade deficit climbed to an eight-month high of $27.35 billion. According to official data released on Thursday, imports surged by 8.6% year-on-year to $64.59 billion in July. The latest trade deficit figure is the highest since November 2024, when it had reached $31.77 billion.
During the period April-July 2025-26, the nation saw its exports grow 3.07% to $149.2 billion, whereas imports increased 5.36% to $244.01 billion. This resulted in a cumulative trade deficit of $94.81 billion for the first four months of the current fiscal year.
INDIA EXPORT GROWTH REFLECTS STRONG RECOVERY IN JULY 2025
Briefing the media on the trade performance, Commerce Secretary Sunil Barthwal emphasized that despite global economic headwinds, India’s goods and services exports are performing well. He further underlined that India’s export performance has outpaced the growth in global exports.
Among the top sectors driving the export resurgence were engineering, electronics, gems and jewellery, pharmaceuticals, and chemicals.
INDIA EXPORT GROWTH SUPPORTED BY RATING UPGRADE AND INFRASTRUCTURE PUSH
Meanwhile, ratings agency S&P Global announced an upgrade of India’s sovereign credit rating to ‘BBB’ from the previous ‘BBB-’ on Thursday, August 14, while maintaining the stable outlook. The upgraded rating has come just ahead of India’s 79th Independence Day.
The short-term sovereign rating was also raised to ‘A-2’ from ‘A-3’, and the transfer and convertibility assessment was improved to ‘A-’ from ‘BBB+’.
According to S&P, “India is prioritising fiscal consolidation and showing a strong political intent to achieve sustainable public finances, while continuing with a focused infrastructure development program.” The agency also added that the stable outlook demonstrates its belief that sustained policy momentum and high infrastructure spending will support India’s long-term economic prospects. Furthermore, the agency noted that cautious fiscal and monetary policies aimed at lowering the government’s elevated debt and interest obligations will further strengthen the rating over the next 24 months.
In May 2024, S&P had changed its outlook on the Indian economy from stable to positive, suggesting that a future upgrade could be possible if the fiscal deficit narrows enough for the net change in general government debt to fall below 7% of GDP on a structural basis.
Get Latest News Live on MTIMES along with Breaking News and Top Headlines, Political News and around The World.
You May Like
Trending Searches Today |
NEET PG 2025 Exam Analysis: Difficulty Level, Paper Review & Good Attempts
“India Struck Pakistan Hard and Smart”: Tharoor Praises Operation Sindoor in the US
India-US Joint Mission NISAR Launched Successfully by ISRO’s GSLV-F16
Trump Signs Executive Order Imposing New Tariffs on 68 Countries, Including India Allies
Asia Cup 2025: India to Clash with Pakistan on September 14 in UAE
India Supports Trump-Putin Alaska Summit, Hopes for Ukraine Peace
- Add Videos as Watch Faces: Make your watch uniquely yours by setting a 3-5 second video from your gallery as your watch …
- Heart Rate Variability (HRV) Tracking: Gain more profound insights into your heart rate fluctuations with HRV tracking. …
- 1.51” (3.83 cm) AMOLED Display with BT Calling: Enjoy vivid and sharp visuals on the 3.83 cm (1.51”) AMOLED display. Wit…