The country’s exports increased in the first 11 months of the current financial year
India’s exports of goods in February declined to $ 36.91 billion in February due to the fluctuations in petroleum prices and global uncertainties. This information was given in the government data released on Monday. Let us tell you that in February last year, India exported goods worth $ 41.41 billion. However, according to data released by the Ministry of Commerce, there has been a decrease in trade deficit in February and it decreased to $ 14.05 billion. In fact, in February this year, the country’s imports decreased to $ 50.96 billion and that is why India’s trade deficit has been reduced.
The country’s exports increased in the first 11 months of the current financial year
Trade deficit situation is created when the import figure is higher than export data. Overall, the goods and service exports increased by 6.24 percent to $ 750.53 billion in the first 11 months of the current financial year (April-February), as compared to $ 706.43 billion in the same period a year ago. During the last four months (November, 2024-February 2025), India’s product exports saw a decline in terms of price. Product exports in January stood at $ 36.43 billion, compared to $ 37.32 billion a year ago. It stood at $ 38.01 billion in December, while in December 2023 it was $ 38.39 billion. In November 2024, the product exports to $ 32.11 billion, which was $ 33.75 billion in the same period of a year ago.
Show increase in wholesale inflation
The government today released statistics of import-export as well as inflation. According to government data, in February this year, inflation based on wholesale prices rose slightly to 2.38 percent. In January, the Wholesale Price Index (WPI) based inflation was at 2.31 percent. WPI saw a slight increase in February after three consecutive months of decline. The Ministry of Commerce and Industry said in a statement that the increase in inflation rate in February 2025 is mainly due to increase in prices of food products, food items, other manufactured items, non-food items and textiles etc.
With PTI inputs
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