FX.co ★ India’s Trade Deficit Widens to $93.6B in Q3 2025, Deepening External Imbalance

India’s trade deficit in goods widened in the third quarter of 2025, rising to USD -93.6 billion from a previous level of USD -87.4 billion, according to data updated on 2 March 2026.

The latest figure, also recorded for the third quarter of 2025, indicates a further deterioration in India’s external balance, with imports outpacing exports by a larger margin than in the earlier reported reading. The expansion of the deficit underscores ongoing pressure on the country’s trade position in dollar terms.

While the data release does not detail the drivers behind the wider gap, the increase in the negative balance suggests continued challenges for India’s trade dynamics and could be a point of attention for investors monitoring the country’s external vulnerabilities and policy response.