India’s Goods And Services Exports Rise 2.8% To Cross $71 Billion In May Despite Global Uncertainty

New Delhi: India’s overall exports of products and services and products for May this 12 months are estimated at $71.12 billion, which represents a enlargement of 2.77 % over the similar month of the former 12 months, regardless of the emerging geopolitical tensions and business warfare induced by means of the hike in US price lists, reliable figures launched by means of the Commerce Ministry on Wednesday confirmed.   

The nation’s overall imports of products and services and products for May are estimated at $ 77.75 billion, registering a decline of (-) 1.02 consistent with cent vis-a-vis May ultimate 12 months. The main drivers of products exports enlargement in May come with digital items, chemical compounds, medication & prescribed drugs, marine merchandise and ready-made clothes of all textiles.

The export of digital items, together with smartphones, shot up by means of a powerful 54.1 consistent with cent from $2.97 billion in May 2024 to $4.57 billion in May 2025. Chemicals exports larger by means of 16 consistent with cent from $2.31 billion in to $2.68 billion right through the month, whilst medication & prescribed drugs exports rose by means of 7.38 consistent with cent from $2.31 billion in May ultimate 12 months to $2.48 billion in May this 12 months.

Marine merchandise exports jumped by means of 26.79 consistent with cent to 0.73 billion in May, whilst in a foreign country shipments of ready-made clothes surged by means of 11.35 consistent with cent to $1.51 billion right through the month. “Despite the global policy uncertainty regarding trade, we have done extremely well,” Commerce Secretary Sunil Barthwal instructed reporters.

India’s overall exports right through April-May are estimated at $142.43 billion, registering a enlargement of 5.75 consistent with cent. Total imports right through April-May are estimated at $159.57 billion, which represents a enlargement of 6.52 consistent with cent. The estimated worth of services and products exports for May this 12 months is $32.39 billion, up from $29.61 billion in the similar month ultimate 12 months.

The estimated worth of carrier exports right through April-May has long past as much as $65.24 billion as in comparison to $59.79 billion in the similar length of the former 12 months. The services and products business surplus for April-May now works out to $31.19 billion as in comparison to $26.15 billion in the similar two months of the former 12 months.

The most sensible 5 export locations for India displaying certain enlargement in May this 12 months are the United States (16.93 consistent with cent), China (25.04 consistent with cent), Australia (35.36 consistent with cent), Russia (48.11 consistent with cent), and Germany (17.05 consistent with cent), consistent with the Commerce Ministry remark.