India Trade Deficit November 2025: Amidst the US tariffs and ongoing economic uncertainty across the world, a relief news has come for India. The latest figures for the month of November show that the country’s trade deficit has reduced and has come to the lowest level in the last five months.
According to government data, India’s merchandise trade deficit declined to $24.53 billion in November. Earlier, the situation had worsened in October, when the loss had reached $41.68 billion. In such a situation, the figures of November have indicated that the situation is gradually improving.
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The results were better than expected
Economy watchers had estimated that the trade deficit in November would be around $32 billion. But the figures that came out were much better than expected. This means that despite the pressure, India’s exports did not break completely.
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More goods sent to America
One good thing in November was that a clear increase was seen in the goods sent from India to America. On a month-on-month basis, exports to America increased by about 10 percent and reached about $6.92 billion.
If compared annually, the increase was more than 21 percent. This makes it clear that despite American tariffs, there is still demand for Indian products.
Commerce Secretary Rajesh Aggarwal has also said that India has not allowed its position in the American market to weaken and the situation may get better in future.
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Big relief from less imports
India’s imports have also decreased in November compared to earlier. While the country had imported $76.06 billion in October, it came down to $62.66 billion in November.
The biggest reason for this was less purchase of gold, crude oil and coal. As the expenditure on these things decreased, the trade deficit automatically came down.
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Activity was seen in export also
India’s total merchandise exports increased to $38.13 billion in November. In October this figure was 34.38 billion dollars. This means that in just one month there was a significant increase in exports.
This shows that despite the difficult global situation, Indian exporters are somehow surviving in the market and getting orders.
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The effect of government decisions was visible
The central government has taken several steps in the past months to reduce the damage caused by American tariffs. The impact of decisions like tax relief, export enhancing schemes and labor reforms is now slowly becoming visible.
Recently, Prime Minister Narendra Modi also talked to American trade representatives, so that India’s essential export sectors can get relief.
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Service sector took charge of the situation
While goods trade improved, the service sector provided strong support to India. Services export in November is estimated to be around $35.86 billion, while services import was $17.96 billion.
Due to this, a surplus of about 17.9 billion dollars was created in services trade, which played an important role in improving the overall trade balance.
At present the situation seems to be under control
Overall, despite American tariffs and global pressure, the situation of India’s foreign trade seems to be stable at the moment. Increase in exports, decrease in imports and strength of service sector together have given great relief.
If this trend continues in the coming months, the trade deficit may further reduce and the economy may get further strengthened.
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