Page 7 - Indian Exports

Total exports jump to $825 bn in FY25 as services shipments rise over 13%

India's exports of goods and services hit an all-time high of USD 825 billion in 2024-25, driven by a record surge in the shipments of services that reached USD 386.5 billion in the last fiscal despite global trade headwinds, according to the commerce ministry data. Following the release of March services exports data by the RBI, the country's overall exports for 2024-25 have been revised to USD 824.9 billion from the earlier estimate of USD 820.93 billion, announced on April 15. Total exports were worth USD 778.13 billion in 2023-24. The data showed that services exports jumped to a record high of USD 387.5 billion in 2024-25, registering a robust 13.6 per cent growth over USD 341.1 billion in 2023-24. In March, services shipments rose by 18.6 per cent to USD 35.6 billion compared to USD 30 billion in March 2024. The main sectors which contributed to the growth in exports included telecommunication, computer and information services; transport; travel; and financial ...

India, Pak trade miniscule; now will come to complete halt: Exporters

With Pakistan suspending all trade ties with India, including that routes through third countries, the two-way commerce will now come to a complete halt, apex exporters' body FIEO said on Thursday. Following the terror attack in Pahalgam on Tuesday, which killed 26 people, mostly tourists, India took a series of measures including immediate shutting down of the Attari land-transit post, used for movement of certain kinds of goods. Besides, India has announced expulsion of Pakistani military attaches, and suspension of the Indus Water Treaty of 1960. In retaliation, Pakistan announced suspension of 'all trade' with India, including that routes through third countries. Commenting on the decision of the neighbouring country, Federation of Indian Export Organisations (FIEO) President S C Ralhan said India's bilateral trade with Pakistan is miniscule and is just 0.06 per cent of India's total trade. "We have minuscule trade with Pakistan, which is constantly declining. During April-Jan

Equity investors must factor in uncertainty as a permanent feature

Amid the global noise, India may well emerge as a relatively safe harbour and possibly a beneficiary in the long term as global supply chains readjust

Indian exporters should temper euro, pound hedges as dollar faces pressure

With the dollar under pressure from tariff-driven outflows, downgraded US growth forecasts and shifting investor outlook, forex strategists are encouraging exporters to reassess their hedging strategy

Smartphones ring loudest in Indian exports: Shipments' value reaches $18 bn

In the corresponding period of the previous financial year (FY24), smartphones ranked fourth among HS-coded exports, behind automotive diesel fuel, aviation turbine fuel, and diamonds

US crackdown on Chinese goods open export window for Indian e-sellers: GTRI

As far as reforms are concerned, the report said that India's current trade system is still geared towards large, traditional exporters and not small online sellers

US-China tariff war opens door for India to emerge as global toy export hub

As the US-China tariff war intensifies, the Indian toy industry leaders are calling the situation a "golden opportunity" to position India as a major export hub for toys, especially to the United States, a trade body official said on Sunday. The US recently imposed a steep 145 per cent tariff on toy imports from China a move that could reshape the global toy trade. China, which previously accounted for nearly 77 per cent of US toy imports, is expected to see a significant drop in exports due to the high tariff, opening up space for alternate suppliers, an official said. Akshay Binjrajka, President of the Toy Association of India, told PTI that India is well-positioned to fill the emerging vacuum. "The US toy market, valued at around USD 41.7 billion, offers a massive opportunity for Indian manufacturers," he said, adding that Indian products can now compete with Chinese offerings on both quality and price. India's toy exports have already witnessed a steady rise from USD 40 mill

Pulses imports at nine-year high of 6.7 million tonnes in FY25, shows data

The biggest contributor to the surge in pulses imports has been the jump in yellow peas imports

India's exports to US may decline by $5.76 bn due to high tariffs: GTRI

India's merchandise exports to the US from sectors such as marine items, gold, electrical, and electronics are expected to decline by USD 5.76 billion this year due to increased American duties, according to the data analysis of think tank GTRI. However, it added that India's competitive position in select product segments may help cushion some of the losses. Sectors which can witness modest gains include textiles made-up, apparel, ceramic products, inorganic chemicals, and pharmaceuticals. The US has announced an additional 26 per cent duty on Indian goods barring pharma, semiconductors and certain energy goods from April 9. The 10 per cent baseline tariffs are there from April 5-8. "Using detailed trade data and tariff schedules, the analysis estimates that India could see a decline of USD 5.76 billion, or 6.41 per cent, in exports to the US in 2025," Global Trade Research Initiative (GTRI) said. In 2024, India exported USD 89.81 billion worth of goods to the US. It said that .

Piyush Goyal to meet exporters on Apr 9 to discuss Trump's tariff on India

Union Commerce and Industry Minister Piyush Goyal is likely to hold a meeting with exporters on Wednesday, April 9, to take stock of issues to be faced by Indian traders due to the imposition of an additional 26 per cent reciprocal tariffs by the Trump administration, an industry official said on Sunday. Senior officials of the commerce ministry and representatives of export promotion councils (EPCs) and the Federation of Indian Export Organisations (FIEO) will attend the deliberations, according to the industry official. Meanwhile, an exporter said that the government should come forward to extend fiscal incentives to all exporters, particularly MSMEs, in this situation, as the US tariffs will have an impact on the country's shipments. The effect of these duties is expected to be reflected starting May as demand will take a hit in the US. "Sweeping increases in duties on all the countries in the world will have an inflationary impact on the US customers. It would hit demand for al

Navigating US tariffs: Challenges and opportunities for Indian exporters

One of the most affected industries is gems and jewellery, which contributes significantly to India's export earnings

Remittance to foreign print media for ads allowed from EEFC account

Rajagopalan answers SME queries related to GST, export and import matters

India's engineering goods exports dip 8.6%, first fall since April 2024

The industry body said this marked the first drop in monthly shipments of engineering goods since April 2024, ending a nine-month growth streak

Seller is king in defence as exporters aim to keep India as a key buyer

In the defence market, sellers often maintain the upper hand despite the exceptionally high costs of their products

Centre finalising export schemes to shield exporters from US tariffs

Exporters are seeing the worrying trend of holding back orders due to anticipation of the fear of reciprocal tariffs by the US

Expect export growth to remain strong in coming quarters: Hinduja

Geopolitical turmoil has risen due to ongoing wars like the Russia-Ukraine conflict and the Israel-Gaza crisis, causing global instability

Before GIS, MP releases key policies including industrial and export policy

According to officials from the industry department, the government has made key changes in its policies to attract industrialists, multinational companies, and investors ahead of GIS

Chatroom: Surrender of erroneous drawback payment also attracts interest

TNC Rajagopalan answers SME queries related to GST, export and import matters

US-China trade war to benefit Indian exporters in increasing shipments

The trade war between the US and China is expected to benefit Indian exporters in increasing their shipments to the American market, sources said. They said the country was the fourth-largest gainer when the US imposed higher duties on Chinese goods during US President Donald Trump's first tenure. After coming to power again, Trump on Saturday signed an order to impose stiff tariffs on imports from China, fulfilling a campaign promise but raising the prospect of increased prices for American consumers. "India is likely to gain out of this trade war. Significant rise in exports are expected from India," a source said. Exporters have also stated that the imposition of customs duties by the US on imports from China provides huge export opportunities for India to America. The tariffs would affect exports from China to the US as they would push prices of their goods in the American market, making them less competitive. "The move can create opportunities for Indian exports due to the tr

Budget FY26: Govt to launch export promotion mission worth Rs 2,250 crore

Under this mission, the department of commerce, micro, small and medium enterprises (MSME), and the finance ministry will set export-related targets for various sectors