Business

India’s Exports Increase by 2.77%, Trade Deficit Shrinks to USD 6.62 Billion

Published

12 months ago

June 17, 2025

In May 2025, India’s total exports—including both merchandise and services—amounted to USD 71.12 billion, reflecting a 2.77% increase compared to the previous year, as reported by the Ministry of Commerce and Industry. In May 2024, exports were recorded at USD 69.20 billion. This growth was largely fueled by a significant rise in services exports, which climbed to USD 32.39 billion from USD 29.61 billion the prior year. Conversely, merchandise exports saw a slight decline, falling from USD 39.59 billion to USD 38.73 billion.

Overall imports (goods and services) also experienced a minor decrease, totaling USD 77.75 billion in May 2025 compared to USD 78.55 billion in May 2024. Consequently, the trade deficit narrowed to USD 6.62 billion from USD 9.35 billion the previous year.

For the first two months of the financial year 2025-26 (April–May), India’s total exports reached USD 142.43 billion, marking a 5.75% increase year-on-year. Imports during this period rose to USD 157.57 billion, reflecting a 6.52% increase. The trade deficit for this period widened to USD 17.14 billion from USD 15.12 billion during the same timeframe in FY25.

India’s total exports for the entire financial year 2024-25 reached a record USD 824.9 billion, surpassing the government’s target of USD 800 billion. This represents a 6.01% increase from the USD 778.1 billion recorded in FY2023-24. The services sector was a key driver of this growth, with exports rising to an all-time high of USD 387.5 billion, a 13.6% increase from USD 341.1 billion the previous year. Merchandise exports totaled USD 437.42 billion, achieving a modest year-on-year rise.

Business

Domestic LPG Cylinder Price Increased by Rs 29

Published

9 hours ago

June 7, 2026

Namma Kudla

New Delhi: The price of domestic LPG cooking gas cylinders has been increased by Rs 29 across India. This is the second price hike in the last three months.

The increase comes as global energy prices continue to rise due to the ongoing conflict in the Middle East.

After the revision, a domestic LPG cylinder now costs Rs 942 in Delhi, Rs 941.40 in Mumbai, Rs 968 in Kolkata, and Rs 957.50 in Chennai. In Bengaluru, the new price is Rs 944.50 per cylinder.

The government said the cost of supplying LPG has increased significantly. However, subsidies under the Pradhan Mantri Ujjwala Yojana continue to help over 10 crore beneficiaries.

Petrol, diesel, and CNG prices have also increased in recent weeks as global fuel markets remain volatile.

Business

Honda Begins Delivery of 2026 City Hybrid

Published

4 days ago

June 3, 2026

Namma Kudla

Business: Honda Cars India has started delivering the new 2026 Honda City Hybrid to customers. The first car was handed over at a dealership in Bengaluru.

Honda President and CEO Takashi Nakajima attended the special delivery event. Other senior company officials were also present.

The first customer received a Crystal Black Pearl Honda City Hybrid. The car was delivered with a symbolic key and a gift hamper.

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The updated City comes with new features such as ventilated front seats and a 360-degree camera. It also offers wireless Apple CarPlay, Android Auto, and a sunroof.

The sedan is available with petrol and strong-hybrid powertrain options. Honda claims the hybrid version delivers a mileage of 27.26 kmpl.

The Honda City competes with the Volkswagen Virtus, Skoda Slavia, and Hyundai Verna in India.