Merchandise exports in January 2025 recorded a marginal decline of 2.4%, totalling USD 36.43 billion compared to the same period last year. FIEO President, Mr Ashwani Kumar, attributed this drop to the volatility in commodity and metal prices, as well as ongoing trade disruptions such as the tariff war and currency fluctuations.

Despite this dip, Mr Kumar acknowledged the resilience of Indian exporters, who have managed to achieve $36.43 billion in exports amidst such global uncertainties. However, he expressed concern over the significant rise in imports, which increased to $59.42 billion from $53 . . .