Page 2 - India Exports

Govt committed to safeguard exporters' interests, says Piyush Goyal

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

Tariff impact: Nomura cuts FY26 GDP forecast to 5.8% in worst-case scenario

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

Wide ranging, creative policy reforms needed to counter US trade shock

Wide ranging policy reforms are needed to counter American trade shock

Are export sectors in the firing line? Markets brace for tariff fallout

From textiles and gems to auto parts and seafood, Indian exporters brace for shrinking US orders, job losses, and weaker earnings as Trump's tariff surge takes effect on August 27

US tariffs threaten to derail India's affordable housing market recovery

MSME and SME sectors, key consumer segments for affordable housing, face income disruption from US tariffs, raising risks for sales, launches, and housing finance institutions

Best of BS Opinion: India must make rational choices on Trump tariffs

Our editorials and opinion pieces today look at the impact of Trump's tariffs and how India should calibrate its responses, as well as the social and economic impact of AI replacing IT jobs

Moody's warns US 50% tariffs could erode India's manufacturing growth

Credit rating agency says India's manufacturing growth momentum and electronics competitiveness are at risk if tariff dispute with US persists

Trump tariff may cut chemical, apparel, jewellery exports by 50-70%: GTRI

The imposition of a 50 per cent US tariff on Indian goods will impact exports of nine product categories, including shrimp, organic chemicals, apparel, and jewellery by 50-70 per cent, think tank GTRI said on Thursday. US President Donald Trump on Wednesday slapped an additional 25 per cent tariff, raising the total duties to 50 per cent on goods coming from India, as a penalty for New Delhi's continued purchase of Russian oil. The 50 per cent duty will come into effect from August 27. This is on top of the usual US import duties, called Most Favoured Nation (MFN) tariffs. This decision makes India one of the most heavily taxed US trading partners, worse off than China (30 per cent) or Vietnam (20 per cent), and on par with Brazil. GTRI, in its analysis, has categorised India's export segments in three categories- very high impact sectors (exports may be down by 50-70 per cent), high-impact sectors (exports may be down by 30-50 per cent), and low or no impact areas. In the first .

India's electronics exports surge 47% in Q1FY26, led by mobile phones

India's electronics exports rose 47% YoY to $12.4 bn in Q1FY26, driven by a 55% surge in mobile phone exports. ICEA expects FY26 exports to reach $46-50 bn

Trump hits India with 50% tariff: Tharoor slams US, experts warn of GDP hit

After US President Trump announced an extra 25% tariff on Indian goods over Russian oil imports, Congress leader Shashi Tharoor called it a 'double standard', while economists warned of a hit to India

Titan mulls shifting some production to Gulf to dodge US tariff hike

Last month, Titan also announced that its has signed an agreement to acquire a 67% stake in Damas LLC, the holding company for the Damas jewellery business in the GCC region

We are reviewing Prez Trump's 25% tariff, committed to fair trade deal: GoI

The commerce ministry said the Indian government remains committed to a fair trade deal and will take all necessary steps to protect national interests

India braces for higher US tariffs, eyes broader trade deal: Report

Trump said on Monday most partners that do not negotiate separate trade deals would soon face tariffs of 15 per cent to 20 per cent on their exports to the United States

Mixed trajectory: India's June exports shrink but shipments to US zoom

Indian exporters currently bear a 10 per cent baseline tariff, after the US administration temporarily paused the 26 per cent reciprocal tariff on India

India's exports flat at $35.14 bn in June; trade gap at $18.78 bn

For the April-June quarter of the financial year 2025-26, exports rose 1.92 per cent to $112.17 billion, while imports increased 4.24 per cent to $179.44 billion

Trade conundrum with China: Cautious steps need of the hour, say experts

Over the last few years, India's exports to China have been contracting but imports have been on the rise

Chinese tech giants tap India as export base to US, Africa, West Asia

Chinese firms like Oppo, Realme, and Hisense begin exporting from India to global markets, aided by local partnerships, manufacturing scale, and a push to diversify supply chains

Task Force on textile exports to tackle sectoral issues: Commerce Ministry

A task force on textile exports will create a unified platform to address critical issues concerning the sector to boost outbound shipments, the Commerce Ministry said on Wednesday. The country aims to increase textile exports to USD 100 billion by 2030-31. The first meeting of the task force was held on June 10 under the chairpersonship of Commerce Secretary Sunil Barthwal to discuss issues and strategies for enhancing textiles exports from India, besides increasing share in global markets. Barthwal said the primary objective of the task force is to create a unified platform for addressing critical issues concerning the textile sector by involving all relevant stakeholders. Special Secretary, Department of Commerce, Rajesh Agrawal said there is a need to focus on innovations keeping in view the latest trends to garner a higher share of the export market. Textiles is one of the key focused sectors identified by the Department of Commerce for promoting exports. While the governmen

India will certainly cross $825 bn exports in FY26: Commerce minister

India's exports of goods and services hit a record $825 billion in FY25, up from $778 billion in FY24. Meanwhile, the World Bank projects global growth at 2.3% in 2025, the weakest in 17 years

India's goods, services exports may reach $1 trillion in FY26: FIEO

The country's overall goods and services exports are expected to reach USD 1 trillion during 2025-26, according to apex exporters' body FIEO. In 2024-25, the exports were aggregated at USD 825 billion. Federation of Indian Export Organisations (FIEO) President S C Ralhan said merchandise exports will increase from USD 437 billion to USD 525-535 billion in 2025-26. He said that services exports may rise from USD 387 billion to USD 465-475 billion this fiscal. The main sectors which can help push the exports include electrical and electronics (USD 60 billion), machinery (USD 40 billion), chemicals (USD 40 billion), pharmaceuticals (USD 30 billion), petroleum (USD 70 billion), apparel and madeups (USD 23-25 billion), gems and jewellery (USD 30-35 billion) and agriculture (USD 55 billion).