India's Export Growth in April

India's merchandise exports witnessed a significant 9.03% year-on-year increase in April, totaling $38.49 billion. This growth was propelled by strong performances in sectors such as electronics and engineering goods.

Trade Deficit Widens

The trade deficit expanded to $26.42 billion, the highest since November 2024, driven by a 19.12% surge in imports to $64.91 billion. Key contributors to the import rise were crude oil and fertilizers, with crude oil imports alone jumping by 25.6%.

Sector-wise Performance

Exports showed broad-based growth with notable increases in electronics (39.51%) and engineering goods (11.28%). Other sectors like tobacco, coffee, and pharmaceuticals also contributed significantly.

Government's Optimistic Outlook

Commerce Secretary Sunil Barthwal expressed optimism, highlighting the resilience of exporters and the effectiveness of the government's targeted approach towards 20 countries and six key commodities.

Services Sector Growth

The services sector also saw growth, with exports estimated at $35.31 billion in April 2025, up from $30.18 billion in the previous year.