Indian Exports

Non-US markets emerge as new growth engine for marine exports: Govt data

India's marine sector exports rose by 16.18 per cent to USD 4.87 billion during April-October this fiscal mainly on account of healthy growth in non-US markets, including China, Vietnam, Russia, Canada and the UK, according to the commerce ministry data. The exports to the US have been impacted because of 50 per cent tariffs on Indian marine products. An official said that a noteworthy shift in trade patterns in the sector has been witnessed during the period. The United States, traditionally India's largest shrimp market, registered a 7.43 per cent decline in exports to USD 85.47 million. "However, this shortfall was more than compensated by a spectacular rise in shipments to China, Vietnam, Belgium, Japan, Russia, Canada and the UK," the official said. These gains reflect both a diversification in export destinations and a structural shift in global sourcing trends, as buyers in Asia and Europe increasingly turn toward Indian suppliers for consistent quality and competitive ...

Board of Trade to meet on Tuesday to discuss strategies to boost exports

The Board of Trade (BoT) is scheduled to meet on Tuesday, chaired by Commerce and Industry Minister Piyush Goyal, to discuss strategies to boost India's exports amid the steep tariffs imposed by the US, an official has said. Headed by the minister, the board 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 November 25," the official said. The meeting is important as the country's exports fell by a steep 11.8 per cent to USD 34.38 billion in October on account of the impact of high tariffs by the US, while the trade deficit widened to a record high of USD 41.68 billion, mainly due to a jump in gold imports. India and the US are negotiating a bilateral trade agreement. The first phase of the pact is expected to be announced soon, which would address the

India's merchandise exports drop 11.8% in Oct after US tariff hike: Crisil

India's merchandise exports fell 11.8 per cent year-on-year, since August 2024, to USD 34.38 billion in October, Crisil said in its report. This follows a 50 per cent increase in US tariffs on August 27 this year, a move that has subdued exports for the second month in a row, the report said. The decline in exports was broad-based across petroleum products, gems and jewellery and core sectors. Petroleum products exports declined 10.4 per cent year-on-year in October, compared to a growth of 15.1 per cent in September. Similarly, core exports slipped to 10.2 per cent compared to 6.1 per cent growth in September 2025, the report said. Merchandise exports to US decreased 8.6 per cent year-on-year to USD 6.3 billion in October. This was an improvement from the 11.9 per cent decline in September, according to the report. The announcement by the US on November 16 to cut tariffs on 254 food items bodes well for some of the agricultural exports, such as tea and spices, the report ...

Piyush Goyal to convene the Board of Trade to assess US tariff hit

Piyush Goyal will review export challenges, logistics gaps and trade deal gains as industry seeks clarity on the new Export Promotion Mission

Uttar Pradesh govt exports electronics, IT products worth ₹1.27 trillion

Electronics and IT exports jump sharply, backed by new investments and state incentives

₹25K crore export push clears Cabinet hurdle, implementation next

EPM to aid MSMEs with trade finance, market access; IES to be revamped

Textile exports to 111 countries record 10% growth during Apr-Sep: Govt

India's textile exports to 111 countries recorded a 10 per cent year-on-year growth during April-September, demonstrating remarkable resilience in the first half of the financial year despite global headwinds and tariff-related challenges in major markets, the government said. These 111 markets contributed USD 8,489.08 million during April-September 2025, compared to USD 7,718.55 million in the previous year, reflecting a 10 per cent growth and an absolute increase of USD 770.3 million, the textile ministry said on Wednesday. Overall, India's global exports of textiles, apparel and made-ups grew marginally by 0.1 per cent during April-September 2025, compared to the corresponding period in 2024. Some of the large export markets for India, which clocked impressive growth rates, were the UAE (14.5 pc), the UK (1.5 pc), Japan (19 pc), Germany (2.9 pc), Spain (9 pc) and France (9.2 pc). On the other hand, some of the other markets that recorded higher growth rates were Egypt (27 pc), .

India shifting from fuel importer to exporter, says Nitin Gadkari

Union minister Nitin Gadkari on Friday said India is transitioning from a fuel-importing to a fuel-exporting nation, driven by the growing production and use of ethanol, methanol and green hydrogen. Gadkari, addressing the 84th annual session of the Indian Roads Congress (IRC), emphasised the government's commitment to road safety, focusing on advanced engineering standards, intelligent transport systems, and awareness initiatives. India is transitioning from a fuel-importing to a fuel-exporting nation, driven by the growing production and use of ethanol, methanol, bio-LNG, CNG, and green hydrogen, he said. India is the fastest-growing economy in the world. The dream of our Prime Minister is to make India the third-largest economy. Our mission is to make the country a Vishwaguru'. For that, we need world-class infrastructure in the water, power, transport, and communication segments, the Union Road Transport and Highways Minister said. Gadkari said the government's aim is to build

Make the most of free-trade agreements, PM Narendra Modi tells exporters

At a high-level meeting with export councils, PM Modi called on exporters to fully leverage India's FTAs amid US tariff hikes, while industry sought policy and financial relief

Tariff impact: Gems & jewellery shipments to US hardest hit in September

The US accounts for 37 per cent of India's total exports of precious stones and 28 per cent shipments of gold jewellery

India's exports to US decline, non-US markets show strength: Crisil

India's exports to the United States have contracted, while shipments to non-US destinations have remained robust, surpassing previous growth figures, rating agency Crisil said in its report for October. According to the report, merchandise exports to the US had shown a degrowth by 11.9 per cent to USD 5.5 billion in September, after recording a 7 per cent growth in August 2025. The agency noted that without the frontloading of shipments ahead of the tariff hike, the fall would have been sharper. In contrast, exports to non-US markets expanded by 10.9 per cent in September, accelerating from 6.6 per cent growth in August 2025, it said. The decline in US-bound exports followed the Trump administration's decision to impose a 50 per cent tariff on Indian goods, effective from August 27. Crisil cautioned that India's merchandise exports are facing headwinds from the US tariff hikes and a broader slowdown in global growth. The World Trade Organisation has projected that global merchand

India must seize strategic geopolitical opening US-China face-off offers

Amid US-China trade tensions and economic vulnerabilities, India must seize the "China +1" opportunity, deepen reforms, secure FTAs, and globalise its firms for long-term growth

MSMEs contribute 40% to India's production, exports: Shobha Karandlaje

Union Minister of State for Micro, Small and Medium Enterprises Shobha Karandlaje on Friday said the MSME sector is contributing 40 per cent to the country's total production volume and exports. Speaking after inaugurating the MSME Marketing Summit organised by NSIC (National Small Industries Corporation Ltd) and KASSIA (Karnataka Small Scale Industries Association) here, the minister said that MSMEs have been addressing the needs of all sectors, including agriculture, food, defence, space, and artificial intelligence. "The role of industries in the country's development is significant, especially, MSMEs are making substantial contribution to the nation's growth," she said. In order to strengthen the sector, the government led by Prime Minister Narendra Modi started the Skill Training Division for the first time. It has been undertaking training programmes and schemes for women and youth to match the global skill standards, she was quoted as saying in an official statement. She als

Exports making Indian factories up to 25% more eco-friendly: IIM study

Exports not only boost business growth but also make Indian factories greener, a study by the Indian Institute of Management (IIM), Lucknow, has found after analysing two decades of firm-level data. Described as the first-of-its-kind, the study examined whether export orientation encourages Indian manufacturing companies to adopt greener practices. Led by Chandan Sharma, professor of Economics and Business Environment at IIM-Lucknow, it has been published in the prestigious Energy Economics (Elsevier) journal. While trade is often criticised for raising environmental pressures in developing countries, there is limited causal evidence on whether exporting firms adopt greener practices, especially in terms of energy use. By applying the Propensity Score MatchingDifference-in-Differences (PSM-DID) methodology, the researchers addressed this gap and explored several important insights. "Our research shows that exports don't just boost growth, they also make Indian factories greener. ..

Reforms to boost growth, but tariff suspense a risk, says FinMin

Finance ministry warns tariff risks could hit jobs and consumption, while GST rationalisation and reforms are seen as key to sustaining India's growth amid global uncertainties

India plans to ease foreign investment rules to boost e-commerce exports

India is set to ease foreign investment rules for e-commerce exports, allowing firms like Amazon to buy directly from Indian sellers and sell products overseas, boosting trade potential

Will support brownfield projects with 25% of ₹8.2K cr fund: Shipping secy

Financial aid, cluster development, and credit note scheme aim to modernize Indian shipyards

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

Tariff issue with US may be resolved in 8-10 weeks: CEA Nageswaran

CEA V Anantha Nageswaran said India and the US could resolve their tariff dispute within 8-10 weeks, as both sides hold talks and look to improve ties

India's exports grew 6.7% in August despite Donald Trump tariffs

India's exports rose 6.7% in August to $35.1 billion despite higher US tariffs, while imports contracted 10.1% to $61.6 billion, narrowing the trade deficit to $26.3 billion