India's trade deficit narrows to $26.49 billion in August
India's trade deficit dropped to $26.49 billion in August 2025, thanks to a 6.7% jump in exports and a 10% dip in imports.
That's a big improvement from last August's $35.64 billion gap, even with global and trade policy uncertainties.
Exports show resilience amid global uncertainties
Between April and August 2025, India exported goods worth $184.13 billion while imports hit $306.52 billion—showing Indian exporters are holding steady under pressure.
Commerce Secretary Sunil Barthwal gave them credit for their resilience during these unpredictable times.
US's tariff hike on Indian goods adds pressure
Even with this export momentum, things got tougher: On August 27, the US raised tariffs on Indian products by another 25%, bringing the total up to 50%.
The move is linked to India's ongoing oil trade with Russia and makes trading with the US much pricier for Indian businesses.