India Exports

India's exports rise 1.8% to $38.51 bn in Dec; trade deficit widens

Total exports for the month hit $38.51 billion despite geopolitical challenges, says government

Exports to China rose in 2025, but trade deficit hit record high at $116 bn

India's exports to China posted a USD 5.5 billion increase compared to last year bucking the declining trend even as the trade deficit hit a record USD 116.12 billion, as per the annual trade data released by Chinese customs here on Wednesday. Bilateral trade, too, surged to an all time high to USD 155.62 in 2025, according to the data. Indian exports to China which over the years struggled to make headway climbed to USD 19.75 billion between January and December last year, posting a 9.7 per cent increase, amounting to USD 5.5 billion, according to the data. At the same time, Chinese exports to India increased 12.8 per cent to USD 135.87 billion last year. While trade is picking up from both countries, the total bilateral trade surged to a record high of USD 155.62 billion in 2025, the year in which both countries faced US President Donald Trump's tariff hikes. The trade deficit -- a constant problem in India-China trade -- touched a record high of USD 116.12 billion, crossing the

US plans extra 25% tariff over Iran trade: What it means for India

India could face a sharp rise in US tariffs after Donald Trump announced a 25 per cent duty on countries trading with Iran, adding pressure on exporters already hit by higher levies

Datanomics: India's trade diversification remains a mixed bag so far

India's exports to the US increased by nearly $6 billion in FY26 (Apr-Nov) year-on-year

2026 to bring data, policy, tax changes; labour codes, CBAM to take effect

With new GDP, CPI and IIP base years, sweeping tax reforms, GST overhaul, labour code rollout and EU's carbon tax, 2026 is set to reshape India's economic, regulatory and labour landscape

Yearender 2025: The economy sailed through, but the waters are uncertain

Real GDP growth surprised on the upside in 2025, but weaker nominal growth, trade uncertainty, and soft demand signal a bumpier road ahead

India-New Zealand trade deal finalised: Which sectors are set to gain?

The deal includes sweeping tariff cuts, expanded services access, enhanced labour mobility and a long-term investment commitment

Outbound shipments from India to China surge to $12.22 bn in Apr-Nov

Trend indicates Beijing is shifting its sourcing away from US, say officials

India's exports to Hong Kong rise by a fifth in Apr-Oct as demand rises

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 timely course correction: The rollback of QCOs must be sustained

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

Govt may need ₹2,000 cr corpus to implement credit guarantee scheme

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

Cabinet decisions on exports to improve competitiveness, says PM Modi

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

Govt approves ₹25,060 crore 'Export Promotion Mission' for six years

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 US decline 37.5% during May-September 2025: GTRI

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

India bullish on resolving all free trade agreement issues with Asean

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

Beijing seeks assurance from India on no US re-export of heavy rare earths

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

Govt to launch ₹7,350 cr plan to boost production of rare-earth magnets

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

DGFT extends RoDTEP scheme till March 2026 amid steep US tariffs

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

India bets on EFTA, UK FTAs to offset US tariff hit on marine exports

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

India's smartphone exports grow 39% in August, US shipments double: ICEA

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