Exports, imports rise in January; India trade deficit nearly doubles
Zee News
Overall imports during the month grew at a faster pace of 18.77 per cent, rising to USD 90.83 billion from USD 76.48 billion in January 2025, the ministry data showed.
New Delhi: India's overall exports, merchandise and services combined, increased by 13.16 per cent year-on-year to USD 80.45 billion in January 2026, compared with USD 71.09 billion in January 2025, according to data released by the Commerce Ministry on Monday. However, overall imports during the month grew at a faster pace of 18.77 per cent, rising to USD 90.83 billion from USD 76.48 billion in January 2025, the ministry data showed. As a result, India's overall trade deficit, merchandise and services combined, widened significantly to USD 10.38 billion in January 2026, nearly doubling from USD 5.39 billion in the corresponding month last year. In January, both merchandise and services exports and imports rose. Merchandise exports rose from USD 36.34 billion to USD 36.56 billion, while services exports rose from USD 34.75 billion to USD 43.90 billion. Commerce Secretary Rajesh Agrawal said overall trade growth for the first 10 months (April-January), the cumulative value of overall exports, including both merchandise and services, is estimated at USD 720.76 billion as compared to USD 679 billion in corresponding period during the last financial year. It is an estimated growth of 6.15 per cent and increased around approximately USD 40 billion.
"This year we expect to cross USD 860 billion in total exports of merchandising and services. In services, we expect to cross USD 410 billion this year (2025-2026)," said Agrawal. India's total exports had touched an all-time high of USD 824.9 billion in financial year 2024-25. This marked a yearly growth of 6.01 per cent over USD 778.1 billion exports in 2023-24, setting a new annual milestone. The 2024-25 exports exceeded the initial anticipation of USD 800 billion. India's overall imports, merchandise and services combined, during April-January of 2025-26 increased by 6.54 per cent year-on-year to USD 823.41 billion, compared with USD 772.85 billion in the corresponding period of 2024-25, according to the data. Merchandise imports during the April-January period stood at USD 649.86 billion in 2025-26, up 7.21 per cent from USD 606.13 billion recorded in the same period of the previous fiscal.
Services imports grew at a more moderate pace of 4.10 per cent, rising to USD 173.55 billion from USD 166.72 billion in April-January 2024-25.
Giving a breakdown of the cost, the startup founder said, his office spent Rs 1.35L on the employees salary for 3 months, Rs 40K on training and Rs 25K on replacement hire.
The 34-year-old assistant manager named Kiran Kumar allegedly stole gold jewellery from lockers of the customers and pawned them for online gambling.
Gates is among the top global leaders who will be attending the AI Impact Summit that is being held in India from February 16 to 20.
Under the CBDC framework, digital coupons generated through the Reserve Bank of India will be credited directly to beneficiaries as programmable digital currency (e₹).
You don’t need to save huge amounts to begin your journey. Even setting aside a small amount regularly can build a strong habit. Saving Rs 100 a day may seem insignificant, but over a year, it adds up to a meaningful amount.
If you’re planning to file your 2025 federal tax return, mark your calendar, the deadline this year is April 15. This date officially wraps up the 2026 tax filing season in the United States and is widely known as Tax Day.
Boeing welcomed the governments decision to remove the 7.5%-15% basic customs duty on components and parts used in the manufacture of civilian aircraft, calling it a transformative step for the sector.
Rolls-Royce announced its intention to significantly scale up its business operations in India to support future programs across the defence, civil aviation, and energy sectors.
MG Majestor: JSW MG Motor India today unveiled its all-new Majestor SUV at an event in Gurugram. Pre-bookings open today at a token amount of Rs 41,000.
The new additions also comprise of rural housing, online media service provider/streaming services, value added dairy products, barley & its product, pen-drive and external hard disk, attendant, babysitter and exercise equipment. The year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for the month of January is recorded at 2.13% (Provisional).
Sensex closed at 83,674.92 points, down 558.72 points or 0.66 per cent, while Nifty closed at 25,807.20 points, down 146.65 points or 0.57 per cent.
In a major relief for customers, banks will now have to prove that a financial product actually suits you before selling it. For the first time, the RBI is making “suitability” a legal requirement. This means that before offering you insurance, mutual funds, or even credit cards, banks must assess factors like your income, age, financial understanding and risk appetite.
Regarding the recent technical glitches at the National Securities Depository Limited (NSDL), the Chairman confirmed that the system is now functioning normally. He explained that a technical issue in the inter-depository transfer system led to settlement backlogs, which were cleared by the weekend.