Current Affairs - Economy - Discussion

India’s merchandise exports in July 2025 registered a 7.3% growth, reaching $37.24 billion. This rise was driven by strong performances in sectors such as electronics, pharmaceuticals, engineering goods, chemicals, and gems & jewellery. Notably, electronic goods exports rose sharply by 34%, highlighting India’s increasing role in global high-tech supply chains, aided by Production Linked Incentive (PLI) schemes. While exports rose, imports also increased by 8.6% to $64.59 billion, pushing the trade deficit to an eight-month high of $27.35 billion. Despite this imbalance, the export growth indicates resilience in India’s trade sector amid volatile global market conditions.