New Delhi, Feb. 17 -- India's trade deficit expanded to USD 22.9 billion in January 2025, up from USD 21.94 billion in December, primarily due to increased import expenses resulting from a depreciating national currency.

This development occurs within a broader context of growing trade activity for the country during the current fiscal year.

For the April-January period of the current fiscal year, exports demonstrated moderate growth of 1.39 percent, reaching USD 358.91 billion, while imports increased more substantially by 7.43 percent to USD 601.9 billion.

This divergence in growth rates between exports and imports has contributed to the widening trade gap.

Trade Secretary Sunil Barthwal offered a positive assessment of the situatio...