{"id":15841,"date":"2025-04-20T09:53:47","date_gmt":"2025-04-20T09:53:47","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=15841"},"modified":"2025-04-21T08:51:05","modified_gmt":"2025-04-21T08:51:05","slug":"indias-trade","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/indias-trade\/","title":{"rendered":"India&#8217;s Trade"},"content":{"rendered":"<ul>\n<li><strong>Record Exports to US:<\/strong> India&#8217;s exports to the US reached a record USD 86.51 billion, driven by front-loading shipments ahead of anticipated tariff hikes. In March alone, exports to the US jumped 35% year-on-year, exceeding $10 billion.<\/li>\n<li><strong>Surge in Imports from China:<\/strong> Imports from China increased to USD 113.45 billion, indicating a growing reliance and a widening trade deficit. Overall trade deficit reached $94.26 billion, with imports growing 7% to $915.19 billion. Trade deficit with China specifically hit $99.2 billion, reflecting structural dependencies.<\/li>\n<li><strong>Flat Goods Exports, Growth in Services:<\/strong> Goods exports remained flat at $437.42 billion in FY25, while services exports grew by 12.45% to $383.51 billion, resulting in a healthy services trade surplus.<\/li>\n<li><strong>Sectoral Export Growth:<\/strong> Electronics exports surged by 32% to USD 38 billion, boosted by smartphone shipments. Coffee exports increased by 40% to $1.8 billion due to global supply disruptions in Brazil.<\/li>\n<li><strong>Export Share Increase:<\/strong> India&#8217;s export share in the US and UK markets rose by 13.73% and 14.31% respectively.<\/li>\n<li><strong>Engineering Goods Concerns:<\/strong> While engineering goods exports recorded 6.74% growth in FY25, exports declined nearly 4% year-on-year in March. Additional US duties on iron, steel, and auto components could lead to a $4-5 billion drop in engineering shipments to the US.<\/li>\n<li><strong>WTO Warning:<\/strong> The WTO anticipates a 0.2% decline in world merchandise trade volume in 2025 due to global uncertainty.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Record Exports to US: India&#8217;s exports to the US reached a record USD 86.51 billion, driven by front-loading shipments ahead of anticipated tariff hikes. In March alone, exports to the US jumped 35% year-on-year, exceeding $10 billion. Surge in Imports from China: Imports from China increased to USD 113.45 billion, indicating a growing reliance and &#8230; <a title=\"India&#8217;s Trade\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/indias-trade\/\" aria-label=\"Read more about India&#8217;s Trade\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":15885,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[1280],"class_list":["post-15841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs","tag-19-04-25"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>India&#039;s Trade - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/indias-trade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India&#039;s Trade\" \/>\n<meta property=\"og:description\" content=\"Record Exports to US: India&#8217;s exports to the US reached a record USD 86.51 billion, driven by front-loading shipments ahead of anticipated tariff hikes. In March alone, exports to the US jumped 35% year-on-year, exceeding $10 billion. Surge in Imports from China: Imports from China increased to USD 113.45 billion, indicating a growing reliance and ... 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