Page 3 - India Exports

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).

Why did US reject 25 MT of mangoes? India alleges inspection lapse

India alleges US inspectors bypassed protocol during mango inspections, leading to destruction of 25 MT fruit and loss of $500,000 for exporters

India's exports to US hit record high in March amid 90-day tariff pause

The US trade deficit soared to a record $140.5 billion in March, up from $123.2 billion in February as firms rush to stockpile imports before new tariff hikes take effect

Commerce Min seeks exporters' views on schemes under export promotion plan

The commerce ministry has sought views of export promotion councils (EPCs) on the different schemes which the government is framing under the export promotion mission announced in the Union Budget, an industry official said. The councils will have to submit their comments by tomorrow to the Directorate General of Foreign Trade (DGFT), the official said. The government is framing schemes for MSME exporters to provide credit on easy terms, promote alternate financing instruments through strengthening factoring services for them and offer monetary assistance to deal with non-tariff measures imposed by other countries. The commerce, MSME and finance ministries are working on these schemes. In the meeting, DGFT Ajay Bhadoo made a presentation on the mission to the representatives of the councils. Officials from ECGC, EXIM bank, and the RBI were also present at the meeting. Certain exporters have suggested to the ministry that funds under MAI (Market Access Initiative) should be given o

India to stay competitive on products due to tariff matrix: Scindia

The current global tariff environment notwithstanding, India is expected to stay competitive due to its vast domestic market, scale advantages, and focus on innovation, Union Minister Jyotiraditya Scindia has said asserting that seen even from the lens of a comparative matrix of tariffs vis-a-via other nations, India holds a more favourable position. In a recent interview to PTI, Scindia - who is the Minister for Communications as well as Development of North Eastern Region (DoNER) -noted that given that other nations too face varying levels of tariffs, India will likely emerge "fiercely and much more competitive" across numerous products than before. The lucrative domestic market has drawn global multinational companies to set up a significant presence here, he said and cited the strong pace of India's economic growth and New Delhi's policy push on manufacturing and innovation. "So I do believe that irrespective of the prevailing environment of tariffs, India will continue to be ..

India looks to tap Chinese demand as global rapeseed meal prices rise

India may become a key supplier of rapeseed meal to China if Beijing eases its stringent trade restrictions on the commodity, according to industry body Solvent Extractors Association of India (SEA). A shortage of rapeseed meal in the European Union has driven global prices significantly higher. China, a major consumer, currently imports the protein-rich animal feed primarily from Canada and the EU. "Given the current supply constraints and rising prices, India has a renewed opportunity to explore and recapture its lost share in the Chinese market," Mumbai-based SEA said in a statement. Indian rapeseed meal is currently priced at USD 209 per tonne free alongside ship (FAS) at Kandla port, substantially lower than the USD 335 per tonne being quoted ex-Hamburg in the international market. "Leveraging this opportunity could not only boost India's exports but also help stabilize prices in the international market," SEA added. India, the world's third-largest rapeseed producer, ...

Oilmeals export dip 21% to Rs 12,171 cr in FY25; volume falls 11%

India's oilmeals export fell 21 per cent to Rs 12,171 crore last fiscal mainly due to decline in sales volumes by 11 per cent, according to data compiled by Solvent Extractors' Association of India (SEA). In a statement on Friday, edible oil industry body SEA said the total export of oilmeals in 2024-25 fiscal fell 11 per cent to 43,42,498 tonnes compared to 48,85,437 tonnes in the preceding year. This was mainly due to reduction in export of rapeseed meal & castorseed meal, it added. In terms of value, the exports decreased 21 per cent to Rs 12,171 crore in 2024-25 from Rs 15,368 crore in the preceding year, said B V Mehta, Executive Director of SEA. Bangladesh in spite of political turbulences become a largest importer of Indian oilmeals. India exported 7.42 lakh tonnes to Bangladesh in 2024-25, down 17 per cent from 892,659 tonnes in the preceding year. South Korea become the second largest importer of Indian oilmeals. India exported 6.99 lakh tonnes of oilmeals last fiscal, ..