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November 17, 2025 5:51 PM

India’s April–October 2025 exports cross US$ 491 billion, trade deficit widens

India’s merchandise and services exports for the period April to October 2025 are estimated at US$ 491.80 billion — up 4.84 percent compared with US$ 469.11 billion in the same period last year. Merchandise exports alone during April–October reached US$ 254.25 billion, recording a modest increase of 0.63 percent over US$ 252.66 billion in the previous year. Exports excluding petroleum registered stronger growth, with non-petroleum exports valued at US$ 219.90 billion — a rise of 3....

June 16, 2025 4:51 PM

India’s export rose 2.77% in May at $71.12 billion; trade deficit narrowed

India's overall exports, comprising both merchandise and services, rose 2.77 percent year-on-year in May 2025 to $71.12 billion, up from $69.20 billion in the same month last year, according to data released by the Commerce Ministry on Monday. While merchandise exports dipped slightly to $38.73 billion from $39.59 billion, services exports grew to $32.39 billion from $29.61 billion in May 2024. On the import side, India’s total goods and services imports in May stood at $77.75 billion, sligh...

June 4, 2025 4:15 PM

Global alarm rises as China’s critical mineral export curbs take hold

Alarm over China's stranglehold on critical minerals grew on Tuesday as global automakers joined their U.S. counterparts to complain that restrictions by China on exports of rare earth alloys, mixtures and magnets could cause production delays and outages without a quick solution. German automakers became the latest to warn that China's export restrictions threaten to shut down production and rattle their local economies, following a similar complaint from an Indian EV maker last week. China's...

April 22, 2025 9:04 PM

India eyes $25 billion export boost in hand and power tools sector by 2035

India is aiming to increase its exports of hand and power tools to over $25 billion by 2035, according to a report jointly released by NITI Aayog and the Foundation for Economic Development. The report, “Unlocking $25+ Billion Exports: India’s Hand & Power Tools Sector,” outlines a roadmap to scale up the country’s exports from the current level of approximately $1 billion. The hand and power tools sector is a key component of the global manufacturing ecosystem, supporting industrie...

March 5, 2025 8:42 PM

Vishwas Bill 2.0 to decriminalise over 100 provisions, simplify business processes: FM Sitharaman

Finance Minister Nirmala Sitharaman said on Wednesday that the government is committed to encouraging global economic partnerships, leveraging technology to strengthen traditional sectors, and significantly enhancing India's export potential. Addressing a post-budget webinar on the theme Regulatory, Investment, and Ease of Doing Business (EODB) Reforms, she said the government will now introduce the Vishwas Bill 2.0 to decriminalise more than 100 provisions in various laws. This will further si...

February 17, 2025 2:51 PM

India successfully sends first-ever sea shipments of pomegranates to Australia

In a landmark achievement for India's agricultural exports, the Agricultural and Processed Food Products Export Development Authority (APEDA) has successfully facilitated the first-ever commercial sea shipments of Indian pomegranates to Australia. Collaborating with AgroStar and Kay Bee Exports, APEDA oversaw the export of premium Sangola and Bhagwa pomegranates, marking a significant expansion of market access for Indian fresh produce. Following the signing of a work plan and Standard Operatin...

December 2, 2024 6:31 PM

India’s organic food products export reaches $448 Mn, set to surpass last year’s figures

India's organic food products export reached $447.73 million in the first eight months of this fiscal (FY25) and is on track to surpass last year's total export of $494.80 million, the Parliament was informed on Monday. In a written reply to the Lok Sabha, Union Minister of Food Processing Industries, Navneet Singh Bittu, stated that 263,050 metric tonnes (MT) of organic food products have been exported as of November 25 this year. While the Ministry of Food Processing Industries has not alloc...

October 16, 2024 5:15 PM

India’s exports rise by 4.86% in first half of FY25, but trade deficit grows sharply

India's overall exports, including merchandise and services, witnessed a 4.86% year-on-year increase in the first half of FY25, reaching $393.22 billion for the April-September period, according to data released by the Commerce Ministry on Wednesday. Despite the growth in exports, India's trade deficit surged significantly. The trade gap for April-September 2024-25 expanded by 24.11%, rising from $44.18 billion to $54.83 billion. The overall import for the first half of FY25 stood at USD 448.0...

September 16, 2024 5:55 PM

India’s exports surpass $200 billion in Q1, government confident of reaching $800 billion annual target

As India's exports in the first quarter of 2024-25 (April-June) crossed the USD 200 billion mark, the government has expressed its optimism about reaching its full-year target of USD 800 billion. Commerce Secretary Sunil Barthwal expressed optimism about reaching the full-year goal while releasing June's trade data on Monday. "We are quite optimistic and it gives us optimism that we'd be crossing our $800 billion of trade this year," Barthwal said. According to the commerce ministry data, Indi...

May 15, 2024 6:18 PM

India registers record export at USD 778 billion in 2023-24

India registered record exports in the just concluded financial year 2023-24 at USD 778 billion, sources in the commerce ministry said. In the financial year 2022-23, the combined value of exported goods and services stood at USD 776.3 billion. In 2023-24, services exports increased from USD 325.3 billion to USD 341.1 billion, while merchandise exports marginally declined from USD 451.1 billion to USD 437.1 billion. The government has launched the Production Linked Incentive (PLI) scheme with ...