India Exports

Hong Kong is among India's top 10 export destinations, accounting for close to 2 per cent of the country's total outbound shipments

A long-overdue course correction begins as the government moves to roll back QCOs that hurt small firms, consumers, and exports - but momentum must continue to prevent regulatory overreach

The Centre will provide ₹2,000 crore to back a ₹20,000-crore credit guarantee scheme aimed at easing liquidity for exporters, especially MSMEs, amid tariff pressures from the US

Prime Minister Narendra Modi on Thursday said the decisions of the Union Cabinet regarding exports will improve global competitiveness and help realise the dream of self-reliance. The Union Cabinet, at a meeting chaired by Modi on Wednesday, approved the export promotion mission and a credit guarantee scheme for exporters. "Ensuring 'Made in India' resonates even louder in the world market! The Union Cabinet approved the Export Promotion Mission (EPM), which will improve export competitiveness, help MSMEs, first-time exporters and sectors that are labour-intensive," Modi said in a post on X. "It brings together key stakeholders to build a mechanism that is outcome based and effective," he said. The prime minister also said the Credit Guarantee Scheme for Exporters, which has been approved by the Cabinet, will boost global competitiveness, ensure smooth business operations and help realise our dream of an Aatmanirbhar Bharat. Modi said the decision to rationalise the royalty rates

The government on Wednesday approved the Export Promotion Mission, with an outlay of Rs 25,060 crore for six financial years, beginning this fiscal. The mission will be implemented through two sub-schemes -- Niryat Protsahan and Niryat Disha. It is a very comprehensive mission and it will support the complete export ecosystem, Information and Broadcasting Minister Ashwini Vaishnaw told reporters here. Sectors including textiles, leather, engineering, marine and gems and jewellery will get priority. The measure is expected to help insulate domestic exporters from global trade uncertainties arising from US President Donald Trump's tariffs. The US has imposed a hefty 50 per cent tariff on Indian goods, starting August 27.

India's exports to the US have dipped 37.5 per cent during May-September 2025 from USD 8.8 billion in May to USD 5.5 billion in September, think tank GTRI said on Sunday. It said that exports of pharmaceuticals, smartphones, metals and auto have declined during the period. Pharmaceutical product exports dipped 15.7 per cent from USD 745.6 million in May to USD 628.3 million in September. Industrial metals and auto parts facing uniform tariffs for all countries saw a modest 16.7 per cent drop, from USD 0.6 billion to USD 0.5 billion. Aluminium exports fell 37 per cent , copper 25 per cent, auto parts 12 per cent, and iron-steel 8 per cent, GTRI Founder Ajay Srivastava said, adding that with similar duties on global suppliers, the dip likely reflects softer U.S. industrial activity rather than lost competitiveness. He added that labour-intensive sectors such as textiles, gems and jewellery, chemicals, agri-foods, and machinery endured a 33 per cent decline, from USD 4.8 billion to US

Both sides exchange fresh proposals to iron out pending issues; review of 2010 trade pact likely to conclude by year-end as India seeks to narrow trade deficit

China has reportedly asked India to give a written assurance that heavy rare earth magnets imported from its firms will not be re-exported to the US and will be used only for domestic needs

The scheme aims to build a full domestic manufacturing chain for sintered rare earth permanent magnets used in EVs, electronics, and defence

The Directorate General of Foreign Trade has extended the RoDTEP scheme till March 2026, ensuring policy continuity for exporters navigating US tariff hikes and global headwinds

Officials told a parliamentary panel that India's FTAs with EFTA and the UK will ease the impact of US tariffs on marine exports, while diversifying markets beyond America

ICEA said that in the first five months of FY26, smartphone shipments to the US reached $8.43 billion, up from $2.88 billion in the same period of FY25, nearly a three-fold increase

LanzaTech aims to transform agri residue and waste gases into ethanol and sustainable aviation fuel with partners Indian Oil and GAIL as India builds biofuel capacity

Commerce Minister Piyush Goyal said India's exports would grow 6% this year, despite the US' 50 per cent tariffs, adding FTAs with the EU and UAE were progressing to boost trade

India's exports rose 6.7% in August to $35.1 billion despite higher US tariffs, while imports contracted 10.1% to $61.6 billion, narrowing the trade deficit to $26.3 billion

Retailers, banks and buyers are sharing the burden as exporters frontload shipments, cut prices short term and weigh overseas bases if tariffs persist

However, sector analysts are far from satisfied with this showing and maintain there is ample room for improvement

The US will eventually realise that India cannot be bullied, but things may get much worse before they get better

Government pledges policy interventions and trade support to ease impact of 50% US tariffs

Data from the Annual Survey of Industries (ASI) show that these sectors together employed around 21 million workers directly and via contractors in 2023, Nomura said