India's Merchandise Trade Deficit Widens to $25 Billion in December 2025

India's merchandise trade deficit widened slightly to $25.04 billion in December 2025, reversing a five-month low in November, driven by a rise in imports to $63.55 billion from $58.43 billion a year ago. Exports increased modestly by around 1.86% to $38.51 billion, supported by growth in sectors like electronics and pharmaceuticals and increased shipments to the US and China. Overall exports for FY26 are projected to exceed $850 billion amid efforts to diversify markets and ongoing trade discussions with the US.