Indian Exports

Indian Pharma sector clocks $29 billion exports by end of February in FY26

Indian pharmaceutical exports stood at nearly USD 29 billion up to February this financial year registering a growth of five per cent compared to the same period last year, a top official said on Saturday. K Raja Bhanu, Director General, Pharmaceuticals Export Promotion Council of India (PHARMEXCIL) said the sector, currently valued at approximately USD 60 billion, is projected to grow to USD 130 billion by 2030. "Inspite of global challenges, pharmaceuticals exports have been one of the few sectors that has maintained its growth momentum. Pharmaceutical exports during the period AprilFebruary FY26 stood at USD 28.29 billion, reflecting a growth of 5.6 per cent compared to the same period in FY25 led by formulations, biologicals, vaccines and Ayush products," he said. The official further said the exports reached USD 30.47 billion in FY 202425, reflecting a growth of 9.4 percent year on year despite global pricing pressures and trade volatilities..

Exports sustain momentum, to record positive growth in 2025-26: Official

India's exports have sustained healthy momentum despite global headwinds and are expected to post positive growth in 2025-26, a senior official of the commerce ministry said on Friday. The exports and imports data for the month of March and the full 2025-26 fiscal year will be released by the commerce ministry on April 15. "At the end of March 31, despite the war, we will be closing the year with positive growth. US tariffs, so many disturbances all through the year, Ukraine war is continuing, Iran war started, despite all, merchandise, exports have maintained their momentum," the official said. The country's merchandise exports dropped marginally by 0.81 per cent year-on-year to USD 36.61 billion in February, and the trade deficit narrowed to USD 27.1 billion compared to the previous month. Cumulatively, exports during April-February 2025-26 rose 1.84 per cent to USD 402.93 billion. Imports grew by 8.53 per cent to USD 713.53 billion during the period, leaving a trade deficit of U

India looking at preferential mkt access in US, ties 'very robust': Goyal

Commerce and Industry Minister Piyush Goyal on Thursday said India is looking at preferential market access for its products in the US and asserted that the country's relations with America are "very robust" with a deep strategic partnership across technology, defence, trade and investment. He said that India's trade pact with the US is "best" as compared to its competitor countries. "Our relations are very robust. We have a deep strategic partnership on several aspects, on technology, on defence, on trade and on investments, and our approach is that India should get preferential market access," Goyal told reporters here. The country, he said, is sitting on a "very sweet spot" in promoting trade with the US. "Being the world's fastest growing economy, India holds huge promise for investors who will continue to look at the India opportunity in greater numbers and greater value in the future," he added. On March 27, the minister held a meeting with the US Trade Representative Jamies

Sugar mills rush export deals on record-low rupee, rising global prices

Shipments from the world's second biggest ‌sugar producer will help Asian and African consumers to secure sugar at lower prices amid rising freight and global prices

Biz chamber seeks RBI relief for exporters hit by West Asia crisis

The Bharat Chamber of Commerce (BCC) wrote to RBI Governor Sanjay Malhotra, urging supportive banking measures for exporters reeling under disruptions in global logistics and shipping routes caused by ongoing tensions in West Asia. In a letter on Monday, it said West Asia serves not only as a key destination for Indian exports but also as a critical transhipment hub for shipments bound for Europe and Africa. "The ongoing situation has led to diversion of shipping routes, port congestion, higher freight and insurance costs, and extended transit periods, straining working capital cycles and liquidity positions of exporters," it said. The BCC urged RBI to encourage banks to adopt a supportive credit approach by enhancing working capital limits, providing ad-hoc credit facilities, and extending the tenure of pre-shipment and post-shipment export credit. Greater flexibility in rollover of packing credit and extension of due dates for export bills was also sought. It also requested ...

India exports to US fall 13% in Feb; China trade deficit crosses $100 bn

India's exports to the US dipped 12.88 per cent year-on-year to USD 6.88 billion in February due to high tariffs in America, while the trade deficit with China crossed USD 100 billion during the 11-month period of this fiscal, according to the commerce ministry data released on Monday. Exports contracted in September, October, December last year and January this year also. However, it rose 22.61 per cent in November. Indian goods were attracting a sweeping 50 per cent levies in the US. But after US Supreme Court struck down the Trump tariffs, US President Donald Trump imposed 10 per cent duty on all countries from February 24 for 150 days. So now the impact of the lower tariffs is likely to be reflected in the data for the month of March, which will be released in mid-May. Imports, on the other hand, from the US grew 36.53 per cent to USD 4.48 billion in February, data showed. During the April-February period of this fiscal year, the country's exports to the US increased 3.84 per

India exports 315k tonne sugar in Oct-Feb of 2025-26 marketing year: AISTA

India exported 3.15 lakh tonne sugar during October-February in the current 2025-26 marketing year, with the UAE emerging as the top destination, the All India Sugar Trade Association (AISTA) said on Monday. Sugar exports remain under government control through quotas distributed proportionally among mills. The central government has approved total exports of 2 million tonne for 2025-26 marketing year (October-September), including an additional 5,00,000 tonne permitted recently. White sugar accounted for 2,57,971 tonne of total shipments, with refined sugar making up 53,664 tonne, AISTA said in a statement. The UAE received the largest volume at 79,683 tonne, followed by Afghanistan 71,813 tonne, Djibouti 45,801 tonne and Tanzania with 21,330 tonne. "India will be able to do physical shipments of more than 8,00,000 tonne, including to Asian and Gulf countries," AISTA Chairman Praful Vithalani said. India's sugar output for the 2025-26 season has been revised down 4.4 per cent to

JNPA waives charges on stuck cargo, exporters to get ₹12 crore relief

JNPA waives dwell time and reefer plugin charges for Middle East-bound export cargo stuck amid the West Asia crisis, while DG Shipping asks shipping lines to avoid opportunistic pricing

West Asia war: 45K Indian containers stuck; export costs increase fivefold

Exporters stare at either a diversion in routes, or a U-turn to India

CBIC eases procedures for export cargo returning amid Hormuz disruption

CBIC has issued temporary relaxations for handling export cargo returning to Indian ports due to the Strait of Hormuz disruption, outlining simplified processes to speed up clearances

Trade sustainability rules are evolving and India must respond promptly

In a world where sustainability norms are increasingly shaping market access, staying out of the conversation is no longer a strategy

Policy uncertainty, export bans hurting farm ecosystem: Agri-startup execs

Agri-startup executives said policy unpredictability hits processors first but the impact eventually reaches farmers through lower prices and altered sowing decisions

Indo-US trade deal is not just about trade, it matters for growth

The deal shifts the US posture towards India from hostile to neutral, and that matters for growth

Govt likely to roll out 8 components of export promotion mission next week

The commerce ministry is likely to roll out eight components of the Rs 25,060-crore Export Promotion Mission, including e-commerce, factoring services and warehousing, a senior government official said. In November last year, two schemes were approved by the Union Cabinet with a combined outlay of over Rs 45,000 crore -- Export Promotion Mission (Rs 25,060 crore) and the Credit Guarantee Scheme (Rs 20,000 crore). The Export Promotion Mission (EPM) operates through two integrated sub-schemes -- Niryat Protsahan (Financial Enablers); and Niryat Disha (Non-Financial Enablers) that together address finance and non-financial enablers. The Niryat Protsahan focuses on improving access to affordable trade finance for MSME exporters through instruments such as interest subvention on pre- and post-shipment credit, export-factoring and deep-tier financing, credit cards for e-commerce exporters, collateral support for export credit and credit-enhancement for new or high-risk markets. On the ot

Balancing between trade and politics in the evolving India-US equation

The new India-US reciprocal tariff deal offers relief and predictability, but ties market access to strategic concessions, reshaping how bilateral trade will be negotiated

Union Budget 2026-27: Centre lowers funding for major export schemes

Export incentive allocations have been pared back in Budget 2026-27, with sharp cuts to RoDTEP and RoSCTL even as exporters face geopolitical risks and higher US tariffs

Eco Survey: Goods exports a key to stable rupee, manufacturing under strain

Economic Survey flags rupee pressure, stressing goods exports for currency stability as manufacturing stagnates and productivity gains outpace wage growth

India-EU free trade agreement: CBAM rules strain India's steel MSMEs

At least 10 consignments held at European ports this month; order cancellations on the rise

EoI deadline for Customs Integrated System extended to Jan 31

According to the revised notice, the timelines for both purchase of the EoI document and bid submission have been revised from the earlier January 21 deadline

India's export growth will come from states that are truly prepared

Gujarat, Maharashtra, and Tamil Nadu together account for roughly 56% of India's exports, with Gujarat alone contributing close to 30%