📉 India’s Trade Deficit Narrows — Thanks to Services Sector!

India’s trade deficit saw a healthy dip of 9.4% in the first quarter of this fiscal year, and the credit goes largely to the strong performance of our services exports.

While merchandise exports grew modestly (just 2%) due to lower global fuel prices, it’s the non-petroleum merchandise exports that stood out with a 6% growth. On the other hand, services exports continue to act as a strong pillar, balancing out the trade equation.

Even though imports have slightly increased, it signals rising domestic demand — a sign of a growing and healthy economy.

💡 India's overall exports in 2024-25 touched $825 billion, and current trends suggest we’re on track for even better performance this year.

🔍 The takeaway? Our services sector is becoming a powerful force in shaping India's economic stability on the global stage.

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