India export News

The robust MSMEs and large-scale exporters, coupled with strong government support mechanisms, will help cushion any near-term shocks. 

Backed by government support and strong local manufacturing by tech giants like Apple and Samsung, smartphone exports rose 55 per cent to $24.14 billion in 2024-25, compared to $15.57 billion in the previous fiscal and $10.96 billion in 2022-23.

US President Donald Trump has previously called India the "tariff king" and has emphasized the need for India to buy more American-made security equipment. 

India's Commerce and Industry Minister Piyush Goyal said the agreement has brought with it increased market access for Indian exporters, expanded opportunities for MSMEs and farmers, and generated several employment avenues. 

The government's forward-looking initiatives, such as the New Foreign Trade Policy, PLI Schemes, and many others, play a pivotal role in enhancing India’s competitiveness on the global stage.

India’s exports accelerated to over $73 billion in October from more than 61 billion in the same month last year, registering above 19 per cent growth.

The Hong Kong market had experienced a negative trend in the last few months, but now we`re seeing signs of a rebound. This resurgence in Chinese consumption could potentially lead to even greater improvements.

India's export declined by 3.52 per cent to USD 32.62 billion in September Trade deficit widened to USD 26.72 billion In August, the outbound shipments rose marginally by 1.62 per cent to USD 33.92 billion

The trade deficit during the first two months of this fiscal widened to USD 44.69 billion against USD 21.82 billion in the year-ago period.

Conservative MP Sir Edward Leigh asked Johnson if a relaxation of visa controls from India was in the works to secure a trade agreement.

Trade deficit during March 2021 widened to USD 13.93 billion from USD 9.98 billion in March 2020. The export growth of 60.29 per cent in March this year is the highest after about 82 per cent growth recorded in July 2011. Sectors that saw negative growth during March are oilseeds (-6.45 per cent) and cashew (-1.99 per cent).

Exports of iron and steel amounted to $2.53 billion, marking a Y-o-Y increase of 336.44% and making India the 4th largest exporter of iron and steel to China Exports of aluminum and its articles registered a massive increase of 2023.12% to reach $640 mn and making India the fifth largest exporter in this category to China

He also emphasised that India needs to work on its strengths by exploring market access for agriculture and pharma products in different regions.

India's imports in June 2019 too fell 9.06 percent to USD 40.29 billion in June 2019 as compared to USD 44.30 billion in June 2018, data further showed.

Goyal said in the last few years the share of export credit has come down and this is a "cause of concern", especially for the MSME sector that suffers due to demand of collateral from lending institutions.

Goods imports last month were $39.6 billion, a gain of 4.6 percent from a year ago, data from the commerce and industry ministry showed.

The protectionist trends gaining strength in the developed world could have an adverse impact on India`s export performance, industry lobby Ficci said on Sunday.

WTO member countries including the US, Turkey and Japan, have asked India to phase out export subsidies on textiles and the apparel sectors, Parliament was informed on Friday.

India can explore export potential of food products like dairy products, marines, fresh and processed items to China with a view to bridge the widening trade gap, industry officials said today.

India is likely to become the world's fastest growing exporter and UAE's top export and import destination by 2030, according to a study.