India Exports

Centre assures exporters will protect their interests amid US tariff threat

The issues related to the country's exports were discussed during a virtual meeting chaired by Commerce and Industry Minister Piyush Goyal

India steel chief downplays impact of Trump tariffs on industry exports

Trump administration imposed 25% tariffs on steel and aluminium imports that took effect on Wednesday

Indian pharmaceutical exports ranked 11th globally in 2023: Anupriya Patel

Indian pharmaceutical exports ranked 11th globally in value terms in 2023 and accounted for 3 per cent of the total pharmaceutical exports, Union Minister Anupriya Patel said in Rajya Sabha on Tuesday. The Union Minister of State for Chemicals and Fertilisers gave the information in a written reply to the House, citing a secondary market research analysis published by Bain and Company this year. Replying to a query on whether the quality of Indian pharmaceutical products has often been questioned in some global markets, the minister said the Central Drugs Standard Control Organisation (CDSCO) and Ministry of Health and Family Welfare have taken several measures to ensure quality, safety and efficacy of medicines. To another question, Patel said the mobile app of National Pharmaceuticals Pricing Policy (NPPP), Pharma Sahi Daam (PSD) provides brand name, composition, ceiling price and maximum retail price of drugs for consumer benefit and transparency. She said the entire procedure

Govt mulls incentives for exporters amid global trade uncertainty

The government is considering additional incentives for exporters to arrest the decline in India's exports and mitigate the potential impact of reciprocal tariff threats by the Donald Trump administration, sources said. Though the government is yet to formulate the exact form of incentives to be given, the Rs 2,250 crore Export Promotion Mission announced in the Budget has room for flexibility in providing more incentives as the schemes are yet to be notified, they added. India's merchandise shipments witnessed a decline in value terms in the three months between November and January. Merchandise exports were USD 36.43 billion in January compared to USD 37.32 billion a year ago. In December, it stood at USD 38.01 billion against USD 38.39 billion in December 2023, while its outward shipments declined to USD 32.11 billion in November 2024 from USD 33.75 billion in the year-ago month. Commerce and Industry Minister Piyush Goyal is expected to hold discussions with export promotion ..

Engineering goods exports to US up 18% in Jan; tariff threat looms: EEPC

India's engineering goods exports to the United States recorded an 18 per cent year-on-year growth in January 2025, reaching USD 1.62 billion, even as overall engineering shipments grew at a modest 7.44 per cent, according to EEPC India. This comes on a day US President Donald Trump criticised the high tariffs charged by India and other countries, terming them as "very unfair" and announced reciprocal tariffs from April 2 on nations that impose levies on American goods. During the April-January period of the current financial year, engineering exports to the US rose nearly 9 per cent to USD 15.60 billion from USD 14.38 billion in the corresponding period last year, it said. Exports to the UAE grew 56 per cent year-on-year to USD 610 million in January, while cumulative shipments rose 45 per cent to USD 6.87 billion during the 10-month period of FY25. Despite geopolitical tensions and growing trade protectionism, India's engineering exports have maintained positive growth for the ni

Reciprocal tariffs: India, Thailand most impacted in Asia, says Nomura

On Wednesday, US president Donald Trump reiterated his stance to impose reciprocal tariffs on counties, including India from April 02, 2025, during his address to the Congress

India PC shipments up 3.8% at 14.4 mn in 2024, HP leads with 30% share: IDC

Shipments of personal computers grew 3.8 per cent on a year-on-year basis to 14.4 million driven by demand for gaming and AI-powered PCs, market research firm IDC said on Monday. IDC India, South Asia and ANZ, associate vice president for devices research, Navkendar Singh said the weakening rupee can lead to an increase in device costs, which can impact the price-sensitive SMB (small and medium businesses) and consumer segments but despite all challenges, the India PC market is most likely to witness a low single-digit growth in 2025. The growth in the Indian consumer PC market has been on an upward trajectory, driven by gaming and AI-powered PCs. HP led the market with 30.1 per cent market share in 2024 and 30 per cent share in the December quarter despite a decline of about 1 per cent in annual and 1.8 per cent in quarterly supplies, as per IDC estimates. Lenovo and Dell followed HP with market share of 17.2 and 16.1 per cent in 2024 with year-on-year (YoY) growth of 7.3 per cent

India's dependency on China upstream imports on the rise: McKinsey report

India's exports to China are declining, suggesting an emerging asymmetrical trade relationship between the world's two largest developing economies

India's exports to US increase 39% to $8.44 bn in January: Govt data

India's exports to the US rose by 39 per cent year-on-year to USD 8.44 billion in January, while imports grew by 33.46 per cent to USD 3.57 billion, according to the commerce ministry data. Cumulatively, the country's exports to the US during April-January grew by 8.95 per cent to USD 68.46 billion against USD 62.84 billion in the same period previous fiscal, the data showed. During 2021-24, America was the largest trading partner of India. The US is one of the few countries with which India has a trade surplus. In 2023-24, the US was the largest trading partner of India with USD 119.71 billion bilateral trade in goods (USD 77.51 billion worth of exports, USD 42.19 billion of imports and USD 35.31 billion trade surplus). The increasing trade assumes significance as the two countries are aiming at USD 500 billion two-way commerce by 2030 and a trade agreement.

Govt to focus on 20 countries, six focus sectors to boost exports

The government has identified 20 countries such as Australia, Brazil, China, and France, and six focus sectors each in commodities and services to further increase India's exports, Parliament was informed on Tuesday. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said a meeting with the officers of the commercial wings of Indian Missions in these 20 countries was organised last month to enhance exports. "The government has recently identified 20 countries of significance and 6 focus sectors each in commodities and services," he said. The 20 countries are Australia, Brazil, Bangladesh, China, France, Germany, Indonesia, Italy, Japan, the Netherlands, Russia, Singapore, South Africa, Saudi Arabia, South Korea, Trkiye, UAE, UK, the US and Vietnam. He added that the meeting focused on exploring strategic solutions for fostering multilateral trade collaboration and streamlining operational and logistical barriers to trade. "A set of ...

No export of raw materials, value addition must happen in India: PM Modi

Prime Minister Narendra Modi on Tuesday said he cannot accept raw materials getting exported and finished products being shipped into the country, asserting that value additions must happen here. Inaugurating the 'Utkarsh Odisha, Make in Odisha Conclave' in Bhubaneswar, Modi said he considers eastern India as the growth engine of the country, and the state plays an important role in it. "The country's development is not possible only by exporting raw materials. Therefore, we are changing the entire ecosystem and working with a new vision," he said. "The minerals are extracted here and they are exported to some other country where value addition is done and new products are made. These finished products are then sent back to India. This trend is not acceptable to Modi," he added. The PM said the aspirations of crores of people were driving India's movement on the path of development. "Today, India is moving on a path of development driven by the aspirations of crores of people. Thi

Trade deficit eases to $21.94 billion in December as gold imports fall

Data showed merchandise exports contracted by 1 per cent year-on-year to $38.01 billion in December

DGFT updates export policy for every product to promote ease of doing biz

The Commerce Ministry's arm DGFT on Monday updated the export policy for all products, specifying detailed conditions for each item to enhance the ease of doing business in the country. Earlier specific policy conditions were only outlined for goods which were subject to certain restrictions or fell under some norms. "Schedule-II (Export Policy)' in sync with Finance Act 2024 dated August 16, 2024, has been notified," the directorate general of foreign trade (DGFT) said in a notification. The updated schedule contains the current export policy of all ITC (HS) codes, along with specific policy conditions (if any) to be fulfilled, it added. An official said this would help in knowing policy conditions for all the products. In international trade parlance, every product is categorised under the Indian Trade Classification (Harmonised System) - ITC (HS). It helps in the systematic classification of goods across the globe.

We aim to boost organic product exports to Rs 20,000 cr in 3 years: Goyal

India has the potential to increase exports of organic products up to Rs 20,000 crore in the next three years, Commerce and Industry Minister Piyush Goyal said on Thursday. He said this while releasing the eighth edition of National Programme for Organic Production (NPOP) with new regulations aimed at enhancing clarity and transparency in organic product standards as well as aligning with global standards. "Currently, our organic product exports are at Rs 5,000-6,000 crore. In the next three years, we can easily achieve Rs 20,000 crore exports, about 3-3.5 times increase from the current level," Goyal said at an event organised in partnership with industry body Ficci. He said the global demand for these products is about Rs 1 lakh crore, which can grow up to Rs 10 lakh crore in the coming years, a unique opportunity India should not miss. India already has one of the largest numbers of farmers in the world undertaking organic farming. He also asked startups to come out with soluti

Not a great start for India's importers and exporters in the New Year

Donald Trump, who will take over as President of the United States, has threatened to hike import tariffs across the board, and impose high tariffs on imports from China, Canada, Mexico and India

Govt's export arm EIC plans to expand food testing infra to boost exports

The commerce ministry's arm Export Inspection Council (EIC) is planning to expand the country's food testing infrastructure in a holistic way to boost outbound shipments, a senior government official said. To prepare a plan for this, the EIC has initiated a detailed study on gap assessment on food testing infrastructure for exports. "Though we have taken a number of measures, we are doing a more deeper analysis commodity and area-wise. We are trying to find out gaps in our food testing infrastructure. We hope that the study will be over in 2-3 months and after that we will come up with a full plan of how to expand our infrastructure in a more holistic way," Joint Secretary in the Department of Commerce Nitin Kumar Yadav told reporters here. EIC is an advisory body to the central government. It notifies commodities which will be subjected to quality control or inspection prior to export; establish standards of quality for such notified commodities, and specify the type of quality ...

India's goods, services exports likely to cross $800 bn in 2024: GTRI

India's overall exports of goods and services in 2024 has estimated to cross USD 814 billion, an increase of 5.58 per cent, according to a report by economic think tank Global Trade Research Initiative (GTRI). In 2023, the country's merchandise and services exports stood at USD 768.5 billion. This year, the report estimated that in 2024, merchandise exports are expected to reach USD 441.5 billion, showing a modest 2.34 per cent increase over USD 431.4 billion in the previous year. In contrast, the services exports are estimated to grow by 10.31 per cent to USD 372.3 billion, up from USD 337.5 billion in 2023. "India's total exports, encompassing merchandise and services, are projected to exceed USD 814 billion in 2024, reflecting a 5.58 per cent growth compared to USD 768.5 billion in 2023," it said. GTRI Founder Ajay Srivastava said India's export landscape is undergoing a transformation that highlights both opportunities and vulnerabilities. Sectors such as machinery and electr

India targeting Russia to boost banana exports to $1 bn: APEDA chairman

After successfully exporting trial shipments of fresh bananas to countries like the Netherlands through sea route, India is now targeting to increase exports of the fruit to Russia, an official said on Monday. India has set a target of USD 1 billion banana exports in the coming years. At present, exports of most of the fruits, including banana, from India are happening by air route because of lower volumes and different ripening periods. To increase vo?lumes, India is developing sea protocols for fresh fruits and vegetables like bananas, mangoes, pomegranates, and jackfruit to promote their exports through ocean routes. The Agricultural and Processed Food Products Export Development Authority (APEDA), along with other stakeholders, has developed these protocols for bananas. APEDA is an arm of the commerce ministry. "We are targeting Russia to increase banana exports. We are going to participate in buyer-seller meets in Russia," APEDA Chairman Abhishek Dev said. He said India expor

India's exports to Australia up 64.4% in Nov: Commerce ministry data

India's exports to its trade agreement partner Australia rose 64.4 per cent year-on-year to USD 643.7 million in November on account of healthy growth in sectors such as textiles, chemicals and agricultural products, according to the commerce ministry data. However, the country's merchandise exports recorded a decline of 5.21 per cent year-on-year to USD 5.56 billion, the preliminary data showed. India and Australia implemented an interim trade pact -- Economic Cooperation and Trade Agreement (ECTA) -- on December 29, 2022 and are now in negotiations to widen the scope of the pact. On the completion of two years of ECTA, 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. It has also enabled growth in exports by 14 per cent in 2023-24; notable boost in IT/ITeS, business and travel services; and port-study work and work

Recovery in markets, focus on key products boost export prospects for 2025

India's growing capabilities in high-value sectors like machinery and electronics are supporting the country's exports, amid global uncertainties caused by conflicts, and the gradual economic recovery in developed markets offers improved growth prospects for the Indian exporting community in 2025. Trade experts suggest that if the new US administration imposes higher tariffs on China, Mexico, and Canada, Indian exporters could benefit further by seizing those opportunities. They noted that the possible intervention of the new US administration under Donald Trump to end the Russia-Ukraine conflict could ease the Red Sea crisis, streamline global supply chains, and reduce shipping costs for traders. However, Trump's threat for reciprocal tariffs on Indian goods may have an impact on the country's outbound shipments, as additional duties affect exporters' competitiveness. The European Union's green regulations, including the Carbon Border Adjustment Mechanism (CBAM) and deforestation