India's trade deficit stood at $16.5bn a year ago and exports also shrunk by 2.4% year-on-year to $36.43bn in January. Meanwhile, India's value of imports spiked by 10% to $59.4bn during the period

India's merchandise trade deficit in January stood at $22.99 billion, according to a Reuters calculation based on export and import data released by the government on Monday. Economists had expected the January trade deficit to be $22.

India’s merchandise trade deficit expanded to $22.99 billion in January 2025, surpassing market forecasts of $21.0 billion, reported ANI. This represents a rise from $21.94 billion in December 2024 and $16.56 billion in January 2024 and was largely driven by a fall in exports and a modest increase in imports amidst global economic uncertainty.

India’s trade deficit widened in January 2025, with imports rising 10.3% year-on-year, exceeding the median forecast of $21 billion.

India on Monday vowed to buy more industrial goods from the United States, days after Prime Minister Narendra Modi's U.S. visit, while data showed the South Asian country's merchandise trade deficit stood at $22.

The widening of India's merchandise trade deficit can be attributed to a decline in exports and a marginal rise in imports amid prevailing global economic uncertainty. India's merchandise trade deficit surged to USD 22.