India's merchandise exports recorded a 5.1% year-on-year increase in March 2025, reaching $42.7 billion, as per the latest data released by the Ministry of Commerce. This growth comes despite geopolitical tensions and global supply chain constraints, highlighting India’s growing role in international trade and the resilience of its manufacturing and services sectors.
Engineering goods, pharmaceuticals, textiles, and electronics were the top-performing categories, with strong demand from the US, Europe, and Southeast Asia. The government attributed this positive trend to targeted trade agreements, production-linked incentive (PLI) schemes, and improved port infrastructure that has enhanced turnaround time and efficiency.
Economists view the surge as a sign of sustained economic momentum amid global uncertainty. The trade deficit, however, widened slightly due to rising oil imports. Policymakers have called for strategic diversification of exports and enhanced value-added manufacturing to maintain the upward trend in the coming quarters.
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