India’s merchandise exports rose by 6.75% in September 2025 to USD 36.38 billion, compared to USD 34.08 billion in the same month last year, according to data released by the Ministry of Commerce and Industry on Wednesday.

The growth comes despite tariff hikes by major trading partners, including the United States, and a challenging global trade environment.

However, the trade gap widened as imports surged 16.7% year-on-year to USD 68.53 billion, compared to USD 58.74 billion in September 2024.

With services data estimated based on August figures, India’s combined merchandise and services trade deficit rose sharply to USD 16.61 billion in September, nearly doubling from USD 8.60 billion in the same month last year.

Total exports (merchandise and services) stood at USD 67.20 billion, up

See Full Page