Imports up 19% in January as India’s trade deficit widens to $34.68 bn | Economy & Policy News



India’s merchandise exports rose 0.6 per cent year-on-year to $36.56 billion in January, amid global economic uncertainties, data released by the commerce department showed.
 

Inbound shipments saw 19 per cent growth to $71.24 billion due to a surge in gold and silver imports. The trade deficit widened to $34.68 billion compared to $23.43 billion in January 2025 and $25 billion in December.

 

Commerce Secretary Rajesh Agrawal said that merchandise and services exports have remained in the positive territory. “We will be nearing $860 billion overall exports in the current fiscal,” Agrawal told reporters in a briefing on Monday.

 
 


Cumulative exports, including merchandise and services (April–January), rose 6.15 per cent to $720.76 billion.
 

First Published: Feb 16 2026 | 4:36 PM IST



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