November exports rose 19.4% year-on-year, the fastest growth in 41 months, even as global trade conditions remained adverse
Exports to the US surged over 22%, helping narrow the trade deficit despite higher tariffs and unresolved trade frictions
For April–November, exports grew just 2.6% while the merchandise trade deficit widened, pressuring the rupee
A delayed US trade deal risks shifting demand for Indian goods to rival suppliers, with losses that may prove permanent
Trade uncertainty has coincided with equity outflows of over $18 billion, weighing on India’s balance of payments
A timely US trade deal, along with EU progress, could stabilise the rupee, revive capital flows, and support growth