Services Exports Shine Amid Global Challenges
FinTech BizNews Service
Mumbai, June 16, 2025: Despite global economic headwinds, India’s overall exports (merchandise and services combined) demonstrated resilience, registering a 2.8% growth in May 2025. Total exports reached USD 71.12 billion, up from USD 69.20 billion in May 2024. This uptick was primarily driven by continued strength in services exports, particularly in software, consultancy, and financial services.
The latest trade figures reflect the robust performance of India's services sector, which continues to act as a buffer against the challenges of muted global demand, geopolitical tensions, and high interest rates. While merchandise exports dipped slightly to USD 38.73 billion from USD 39.59 billion in May 2024, the overall export growth underscores the resilience and diversification of India’s export base.
The ability to sustain export growth despite logistical disruptions, especially in the Middle East, is a testament to the sector’s agility and policy support.”
On the import side, merchandise imports declined modestly to USD 60.61 billion in May 2025 from USD 61.68 billion in the previous year, indicating a combination of softening domestic demand and lower global commodity prices. Overall imports (goods + services) also saw a marginal dip to USD 77.75 billion, compared to USD 78.55 billion in May 2024, suggesting stable domestic demand for essential inputs and services.
