India's trade deficit widens 31.5% to $15.03 billion in July (YoY); merchandise exports hit record high
New Delhi, Aug. 13 -- India's overall trade deficit, covering merchandise and services, widened by about 31.5 per cent year-on-year to USD 15.03 billion in July 2026 as imports grew faster than exports, Commerce Ministry data showed.
India's overall exports of merchandise and services rose to USD 80.14 billion in July 2026 from USD 70.72 billion in July 2025, an increase of about 13.3 per cent.
Overall imports increased at a faster pace to USD 95.16 billion from USD 82.16 billion in the year-ago month, a rise of about 15.8 per cent. Consequently, the overall trade deficit increased from USD 11.43 billion in July 2025 to USD 15.03 billion this July.
The export performance was led by merchandise shipments, which jumped 19.63 per cent to ...
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