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		<title>India Trade Deficit Widens to 26 42 Billion Dollar but also Increased Export</title>
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		<pubDate>Fri, 16 May 2025 01:20:38 +0000</pubDate>
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					<description><![CDATA[<p>India&#8217;s Export Widens: India&#8217;s export deficit rose to $ 26.42 billion in the month of...</p>
<p>The post <a href="https://fastnewsglobe.com/india-trade-deficit-widens-to-26-42-billion-dollar-but-also-increased-export/">India Trade Deficit Widens to 26 42 Billion Dollar but also Increased Export</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<p style="text-align: justify;"><strong>India&#8217;s Export Widens:</strong> India&#8217;s export deficit rose to $ 26.42 billion in the month of April. This is the highest in the last 5 months. However, due to better performance of electronic and engineering goods, India&#8217;s export has jumped 9.03 percent to $ 38.49 billion. The imports of the data released by the Commerce Ministry on Thursday have increased by 19.12 percent in April on an annual basis and increased to $ 64.91 billion in April.</p>
<p style="text-align: justify;">The trade deficit has increased the most since 2024 due to increase in imports. At that time it was $ 31.77 billion. The areas where exports have increased is- tobacco, coffee, sea products, tea, stitched costumes, rice, gems and jewelery, spices, petroleum products and medicine.</p>
<p style="text-align: justify;"><strong>Trade deficit increased due to increase in imports</strong></p>
<p style="text-align: justify;">Electronic exports increased from 39.52 percent to 3.69. The export of engineering goods has been 11.28 percent of $ 9.51 billion. Similarly, import in crude oil in the month of April has increased by 25.6 percent to $ 20.7 billion. So the import of gold has increased to $ 4.86 percent and $ 3.09 billion.</p>
<p style="text-align: justify;">According to the data, the price of service exports stood at $ 35.31 billion in the month of April, compared to $ 30.18 billion during the same month. While the estimated price for imports of services was $ 17.54 billion in April 2025, while in April last year it was $ 16.76 billion.</p>
<p style="text-align: justify;"><strong>More exports may increase</strong></p>
<p style="text-align: justify;">Commerce Secretary Sunil Barthwal says that he hopes that India will maintain the speed of its export in this way and despite global uncertainties, it will prove to be a good year. He said that the strategy of focusing focus on twenty countries and 6 items is getting positive results. In addition, the Ministry of Commerce will continue to focus on it. He said that free trade agreement with many countries is going to reach the final conclusion quickly.</p>
<p style="text-align: justify;">Also read: Why is hydrogen truck many times more expensive than mango diesel truck? Adani Group launched it in Chhattisgarh</p>
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<p><a href="https://www.abplive.com/business/india-trade-deficit-widens-to-26-42-billion-dollar-but-also-increased-export-2944609" target="_blank" rel="noopener">Source link </a></p>
<p>The post <a href="https://fastnewsglobe.com/india-trade-deficit-widens-to-26-42-billion-dollar-but-also-increased-export/">India Trade Deficit Widens to 26 42 Billion Dollar but also Increased Export</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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