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Describes measured stability in global growth, easing inflation pressures, and resilience in global merchandise and services trade. Highlights India’s role as the fastest-growing major economy and a bright spot in trade, with rising shares in global exports, record total exports in 2024-25, improved non-petroleum exports, trade deficit trends, and strong services export growth. Also outlines 2025 achievements such as digital transformation initiatives by the Department of Commerce.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/global-economy-global-trade-indias-merchandise-services-trade-2025-department-of-commerce-achievements/296397/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/global-economy-global-trade-indias-merchandise-services-trade-2025-department-of-commerce-achievements/296397.png","ImageObject",300,407,{"name":92,"@type":93},"Ethan Miller","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-08","2026-09-18",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",15,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What does the document say about global economic conditions in 2025?","Question",{"text":113,"@type":114},"It states that the global economy held steady despite ongoing challenges, with inflation pressures easing gradually. Risks from policy uncertainty and geopolitics remained, but the overall picture was measured stability.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"How did global trade change according to the WTO update referenced in the document?",{"text":118,"@type":114},"The document reports a stronger-than-expected rebound, with merchandise trade growth revised upward to 2.4% for 2025 and higher trade volumes and values in the first half of 2025.",{"name":120,"@type":111,"acceptedAnswer":121},"What are the key highlights of India’s trade performance in 2024-25 and the following period?",{"text":122,"@type":114},"India recorded an all-time high total exports of US$ 825.25 billion in 2024-25 and higher non-petroleum exports. Merchandise and services exports continued rising, while the merchandise trade deficit also increased; services trade showed a larger surplus in 2024-25 compared with 2023-24.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},296397,1789731889,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":140,"language":141,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":142,"faqs":143,"seo_title":144,"seo_description":67,"update_tm":130,"read_time":145,"preview_page_count":4},687207017582,"https://ap-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d","OVERVIEW  \n 2  Department of Commerce   \n1. GLOBAL ECONOMY  \nò The global economy in 2025 managed to hold steady despite ongoing challenges, showing signs of resilience and cautious improvement. Growth was supported by investment in technology, more stable financial conditions, and the continued strength of trade linkages that helped balance demand across regions. Inflation pressures gradually eased, allowing confidence to return in both advanced and emerging markets, even if progress was uneven. While risks from policy uncertainty and geopolitical tensions remained, the overall picture for 2025 was one of measured stability, with the global economy maintaining momentum and laying the groundwork for more sustainable expansion ahead.  \nò As per International Monetary Fund (IMF) World Economic Outlook (WEO), October 2025, global growth is projected to decline from 3.3 per cent in 2024 to 3.2 per cent in 2025 and to 3.1 per cent in  \n2026. The good news is that the negative impact on the global economy has been at the lower end of expectations. India continues to stand out as the fastestgrowing major economy, providing a crucial anchor for global growth.  \n2. GLOBAL TRADE  \nò The October 2025 update of the WTO’s Global Trade Outlook and Statistics highlighted a stronger-than-expected rebound in global trade, with merchandise trade growth revised upward to 2.4 per cent for the year compared to the earlier forecast of 0.9 per cent. Global merchandise trade volume increased by 4.9 per cent yearon-year in the first half of 2025, faster than previously expected. The value of world merchandise trade, measured in current US$, rose by 6 per cent year-onyear in the first half of 2025. Despite  \nongoing challenges such as tariff disputes, inflationary pressures, and geopolitical tensions, global trade has shown notable resilience. India continues to remain a bright spot in global trade, underpinned by the combined strength of its merchandise and services exports. A diversified export profile has enabled the country to tap into varied sources of global demand while mitigating exposure to external shocks. Concurrently, services exports have reinforced India’s competitive positioning, contributing to greater integration in global value chains.  \n3. INDIA’S MERCHANDISE TRADE  \nò In 2025, India stood out as a bright spot in global trade despite widespread uncertainties. India maintained strong momentum through resilient domestic manufacturing and expanding services exports. Its dynamic IT and financial services sectors tapped into the global surge in digital trade, while diversified import partnerships ensured stability in supply chains. As per latest data, the share of India in global merchandise exports increased from 1.70 per cent in 2014 to 1.81 per cent in 2024. During the same time period, India's ranking among global merchandise exporters climbed from 19th to 18th place.  \nò India registered a landmark achievement in external trade. Total exports (merchandise and services) hit an alltime high of US$ 825.25 billion in 2024-25, reflecting a robust 6.05 per cent annual growth.  \nò India’s merchandise exports in 2024-25 stood at US$ 437.70 billion, remaining broadly at the same level as the previous year (US$ 437.07 billion) . However, Non-petroleum exports increased from US$ 352.92 Billion in 2023-24 to a historic high of US$ 374.32 Billion in  \n Department of Commerce  3   \n2024-25, registering a positive growth of  \n6.07 per cent. Merchandise exports for the period April-December 2025 were US$ 330.29 billion as compared to US$  \n322.41 billion during April-December 2024, registering a positive growth of 2.44 per cent.  \nò Merchandise imports also increased from US$ 678.21 billion in 2023-24 to US$ 721.20 billion in 2024-25, registering a positive growth of 6.34 percent. Merchandise imports for the period April-December 2025 were US$ 578.61 billion as compared to US$ 546.36 billion during April-December 2024, registering a growth of 5.90 p","cbCaihHyvgj0gJnc","https://ap.wps.com/l/cbCaihHyvgj0gJnc","pdf",8472647,262,"English","# Overview\n## Global Economy\n## Global Trade\n## India’s Merchandise Trade\n## India’s Services Trade\n## Achievements of the Department of Commerce During 2025 (January-December 2025)","[{\"question\":\"What does the document say about global economic conditions in 2025?\",\"answer\":\"It states that the global economy held steady despite ongoing challenges, with inflation pressures easing gradually. Risks from policy uncertainty and geopolitics remained, but the overall picture was measured stability.\"},{\"question\":\"How did global trade change according to the WTO update referenced in the document?\",\"answer\":\"The document reports a stronger-than-expected rebound, with merchandise trade growth revised upward to 2.4% for 2025 and higher trade volumes and values in the first half of 2025.\"},{\"question\":\"What are the key highlights of India’s trade performance in 2024-25 and the following period?\",\"answer\":\"India recorded an all-time high total exports of US$ 825.25 billion in 2024-25 and higher non-petroleum exports. Merchandise and services exports continued rising, while the merchandise trade deficit also increased; services trade showed a larger surplus in 2024-25 compared with 2023-24.\"}]","Global Economy - Global Trade - India’s Merchandise & Services Trade - 2025 Department of Commerce Achievements | PDF",660]