India Exports

CBAM explained: Why Europe's carbon tax matters for India's exporters

As carbon border taxes gain traction globally, India's MSME exporters face higher compliance costs and competitiveness risks in key markets such as the European Union

Board of Trade meet on July 3 to discuss $2 trillion exports target

Piyush Goyal will chair the Board of Trade meeting on July 3 to discuss boosting exports to $2 trillion by improving FTA utilisation and cutting logistics costs

Board of Trade to meet on July 3 to discuss export growth strategies

The Board of Trade (BoT), chaired by Commerce and Industry Minister Piyush Goyal, is scheduled to meet on July 3 to leverage benefits from recent trade pacts and to discuss strategies for accelerating the country's exports, an official said. The BoT includes participants from various states, Union territories, and senior officials from the public and private sectors. In the meeting, representatives of export promotion councils, along with other participants, will present their views on the export sector. "The BoT is meeting on July 3 here," the official said. The last meeting of the board was held on November 25, 2025. The meeting is important as India has implemented five free trade agreements (FTAs) since 2021 with Mauritius, Australia, the UAE, Oman, and the four-nation European EFTA bloc. It has also signed a pact with the UK, which will come into force on July 15. The trade pact with the 27-nation EU is expected to be signed by the end of this year and may come into force ne

Shifting composition: Dependence on services exports is increasing

Services exports are driving India's trade growth and resilience, but stronger manufacturing output remains essential for broad-based job creation and sustainable growth

India's export surge reflects integration into global value chains: Experts

The 18 per cent growth in the country's merchandise exports reflects the increasing integration of Indian companies into global value chains and the diversification of export markets, experts said on Tuesday. India's exports climbed to a six-month high of 18 per cent to USD 45.2 billion in May, while the trade deficit widened to USD 28.21 billion, driven by increased imports of petroleum products amid higher crude oil prices. The increase in the outbound shipments is a reflection of the growing competitiveness of Indian industry and the confidence that global markets continue to place in Indian products, Sanjay Budhia, CII's Co-chair National Committee on Exports and MD, Patton International Ltd, said. He said that the healthy growth in exports during the first two months of 2026-27 also highlights the increasing integration of Indian enterprises into global value chains and their ability to respond to evolving international demand. During April-May 2026-27, exports rose 16.09 per

India exports up 18% at $45.2 bn in May; trade deficit widens to $28.21 bn

The country's merchandise exports rose 18 per cent to USD 45.2 billion, according to the commerce ministry data. Imports, too, grew 20.62 per cent to USD 73.41 billion in May, leaving a trade deficit of USD 28.21 billion. India's merchandise exports rose to USD 88.91 billion during April-May 2026-27, marking a 16.09 per cent growth over the corresponding period last year. India's exports to West Asia in May was marginally down at USD 5.30 billion against USD 5.38 billion in May 2025, Commerce Secretary Rajesh Agrawal said.

India to operationalise US trade deal only if tariff edge is secured

New Delhi wants a clear tariff advantage over competing economies and assurances against future Section 301 actions before implementing a trade agreement with Washington

CEPA with Oman offers India wider gateway to GCC, East Africa: Goyal

The Indian commerce ministry's early assessment suggests India's exports to Oman can grow to $7 billion within two years

Talk tariffs, but understand ocean freight and its impact on trade costs

Tariff cuts alone cannot boost exports; India needs larger, predictable cargo volumes to reduce freight costs and attract direct shipping services

US trade officials to visit India next week to advance bilateral trade pact

A US delegation led by chief negotiator Brendan Lynch will visit India from June 1-4 to advance negotiations on the proposed bilateral trade agreement

Experts seek import discipline, trade reforms amid West Asia tensions

Experts at a Think Change Forum roundtable called for tighter import controls, tax stability and faster trade remedies to protect India's economy from global disruptions

India and Italy to increase bilateral trade to €20 billion by 2029

The two countries elevated ties to a special strategic partnership and signed agreements spanning defence, critical minerals, mobility and trade cooperation

FTAs must drive exports, not just imports: Commerce Minister Piyush Goyal

Commerce Minister Piyush Goyal urged Indian industry to use upcoming FTAs to boost exports and avoid a surge in imports

Unexpected markets powered India's exports surge in April, shows data

Surge in shipments to smaller markets offsets weak demand from US and West Asia in April

India's exports rise 13% to $43 bn in April, trade deficit at $28 bn

The country's exports in April rose by 13.78 per cent to USD 43.56 billion despite global challenges, Commerce Secretary Rajesh Agrawal said on Friday. Imports grew 10 per cent year-on-year to USD 71.94 billion in April. Trade deficit during the month stood at USD 28.38 billion. Agrawal said India's exports to West Asia declined 28 per cent to USD 4.16 billion last month as against USD 5.78 billion in April 2025. Imports from the region dipped 31.64 per cent to USD 10.47 billion in April from USD 15.32 billion in the year-ago period.

Centre plans to bolster key export scheme as Iran war sours trade outlook

West Asia conflict weakened trade in March, with India's merchandise exports falling 7.4 per cent year-on-year and 24 of 30 major export categories declining

Indian exporters may not get US tariff refunds, but pricing power improves

Indian exporters are linked to about $12 billion of the total refunds. Textiles and apparel account for roughly $4 billion of that amount

Exports: Services grow, goods stall, jobs lag, denting growth outlook

India's export growth is driven by services while merchandise stagnates, raising concerns over jobs, competitiveness, and long-term trade strategy

EU's proposed CBAM expansion may impact Indian exporters, says GTRI

The European Union is planning an expansion of its Carbon Border Adjustment Mechanism (CBAM) and the move could increase carbon tax costs on Indian manufactured exports to Europe, think tank GTRI said on Thursday. It said that Indian exporters selling into Europe may need to accelerate emissions accounting, supply-chain traceability, and decarbonisation investments to remain competitive in one of the country's key export markets. In a draft report issued on April 10, 2026, the European Parliament's Committee on the Environment, Climate and Food Safety (ENVI) proposed five major changes to the CBAM regime. The changes include extending CBAM to around 180 additional steel- and aluminium-based manufactured products from January 1, 2028; and tightening carbon accounting rules for scrap-based production by including emissions from pre-consumer scrap, the Global Trade Research Initiative (GTRI) said. It also includes examining expansion of the mechanism to indirect emissions from ...

West Asia crisis: Export of recycled metals hit as war-risk charges persist

Indian exporters continue to face steep war-risk and freight charges despite a ceasefire, with rising logistics costs eroding margins and disrupting supply chains