Exports | DD News

September 16, 2026 5:50 PM

Exports up to ₹3 lakh exempted from RCMC requirement

The Government has introduced an exemption from the requirement of Registration-cum-Membership Certificate (RCMC) for small-value export consignments with a Free-on-Board (FOB) value of up to ₹3 lakh. The measure is aimed at reducing the compliance burden for MSMEs, artisans, small businesses and first-time exporters, while facilitating exports through postal, courier and other emerging channels. The Directorate General of Foreign Trade (DGFT) has amended Para 2.57 of the Foreign Trade Polic...

September 3, 2026 3:33 PM

Piyush Goyal calls for nationwide FTA utilisation drive to boost India’s exports

Union Commerce and Industry Minister Piyush Goyal on Thursday called for a nationwide drive to maximise the utilisation of India’s Free Trade Agreements (FTAs), urging states, industry bodies and exporters to ensure that preferential market access reaches businesses in every district. Addressing a national workshop on “Leveraging FTAs: An Outreach Programme” in New Delhi, Goyal said India’s network of nine FTAs currently spans economies accounting for around $60 trillion in GDP and prov...

July 28, 2026 8:01 PM

India’s exports hit record $863.1 billion in FY26 as FTAs boost trade with UAE, UK and Australia

India's total exports reached a record US$863.1 billion in the financial year 2025-26, driven by strong growth in both merchandise and services exports and supported by expanding market access under the country's free trade agreements (FTAs), the government informed Parliament on Tuesday. According to the Ministry of Commerce and Industry, merchandise exports stood at US$441.8 billion, while services exports reached US$421.3 billion, reflecting the combined strength of both sectors in driving I...

July 25, 2026 4:30 PM

US cuts proposed Section 301 tariff on India to 10%, nearly half of exports remain exempt

India has secured a lower tariff burden under the United States' final Section 301 measures on imports linked to forced labour concerns, with the additional duty on Indian goods reduced to 10 per cent from the 12.5 per cent initially proposed, the government said on Saturday. The final measures, announced by the U.S. Trade Representative (USTR) on July 23, conclude an investigation under Section 301 of the U.S. Trade Act, 1974, into the policies and practices of 60 economies, including India, r...

July 21, 2026 7:03 PM

Government expands FTAs, export promotion measures to diversify export markets

The government has intensified efforts to diversify India's export markets by expanding its network of Free Trade Agreements (FTAs), pursuing trade negotiations with major economies, and introducing a series of export promotion and logistics reforms aimed at strengthening the country's global trade footprint. The initiatives are intended to help Indian exporters navigate evolving geopolitical and economic challenges while improving market access, boosting exports and enhancing the competitivene...

July 7, 2026 11:15 AM

Piyush Goyal urges leather, footwear industry to target $15 billion exports in next 5-6 years

Union Commerce and Industry Minister Piyush Goyal on Monday called upon the leather and footwear industry to target at least $15 billion in exports over the next five to six years, urging the sector to aim for three-fold growth by leveraging Free Trade Agreements (FTAs), diversifying export markets and strengthening quality, design, branding and sustainability. Addressing the Council for Leather Exports National Export Excellence Awards 2024-25 in New Delhi, Goyal said the industry, which curre...

April 15, 2026 4:57 PM

India’s exports rise 4.22% to $860.09 billion in FY26; imports grow faster, widening trade deficit

India’s exports grew by 4.22 per cent to USD 860.09 billion in the financial year 2025–26, while imports rose at a faster pace of 6.47 per cent to around USD 970 billion, resulting in a widening of the overall trade deficit, according to data shared by Commerce Secretary Rajesh Agrawal. The data shows that total exports increased from USD 825.26 billion in 2024–25 to USD 860.09 billion in 2025–26. Meanwhile, imports rose from USD 919.92 billion in the previous financial year to approxim...

September 30, 2025 6:42 PM

India’s pharma exports to cross $30 billion by year-end, domestic market to double by 2030: Jitendra Singh

India’s pharmaceutical exports, currently valued at nearly $27.8 billion, are set to cross the $30 billion mark by the end of this year, Union Minister of State (Independent Charge) for Science and Technology Dr. Jitendra Singh said on Tuesday. The Minister added that the country’s domestic pharma market, now at $60 billion, is expected to double to $130 billion by 2030. He also underlined the rapid expansion of India’s MedTech sector, which is growing at an annual rate of 15-20%, support...

September 5, 2025 12:37 PM

GST reforms to help textiles sector reach $350 billion by 2030: Govt

The next-generation GST reforms mark a historic leap forward for India’s textile sector, serving as a catalyst for the country’s journey towards becoming a $350 billion textile economy by 2030, the government has said. The Ministry of Textiles reaffirmed its commitment to work closely with industry stakeholders, exporters, artisans, and entrepreneurs to ensure the smooth implementation of these reforms. According to the ministry, the landmark measures are expected to reduce costs, remove s...

May 21, 2025 1:50 PM

India’s strong domestic market cushions economy against global trade shocks: Report

India is in a stronger position than other countries to withstand global trade disruptions, in the wake of the US tariff turmoil, due to the large size of its domestic market and the country’s low dependence on goods exports, according to a Moody’s report released on Wednesday. The report points out that the government initiatives, such as increasing infrastructure investment, steps taken to boost private consumption, will help shield India’s economy from weakening global demand. “Indi...