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flag India's goods trade deficit widened to $23 billion in January as exports fell and imports rose.

flag India's exports fell for the third month in January 2025, dropping by 2.4% to $36.4 billion, while imports rose 10.2% to $59.4 billion, widening the trade deficit to $23 billion. flag Despite this, total exports, including services, grew by 9.7% to $74.97 billion, driven by electronics, pharmaceuticals, and gems and jewelry. flag Commerce Secretary noted potential benefits from U.S. tariffs and aims for $800 billion in exports this year.

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