Exports | DD News

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...

April 15, 2025 5:30 PM

India’s exports hit record $820.93 billion in FY25 amid global headwinds

India's total exports of goods and services rose by 5.5% to a record $820.93 billion in the financial year ending March 31, compared to $773 billion in the previous year, according to Commerce Secretary Sunil Barthwal. This growth comes despite global economic uncertainties and trade tensions. Merchandise exports stood at $437.4 billion, while non-petroleum exports registered a 6% year-on-year increase, reaching $374.08 billion in FY25. However, India's trade deficit widened to $21.5...

April 3, 2025 2:20 PM

India gains competitive edge amid US tariffs on electronics

India has emerged as a key beneficiary in the first round of reciprocal US tariff announcements, positioning itself ahead of major electronics-exporting nations like China, Vietnam, Thailand, and Indonesia, according to industry experts. The development follows sustained diplomatic efforts by Indian negotiators and leadership. With China facing combined tariffs of up to 54-79% and Vietnam at 44%, India's relatively better tariff positioning presents a valuable window to expand its electronics e...

March 17, 2025 11:55 AM

Impact of US tariffs on India minimal as country diversifies exports: SBI report

The impact of US trade reciprocal tariffs on India will be minimal as the country has diversified its exports, pitched value addition, exploring alternate areas and works on new routes that transcend from Europe to the US via the Middle East, redrawing new supply chain algorithms, a new SBI Research report said on Monday. The decline in the exports is expected to be in the range of 3-3.5 per cent, which again should be negated through higher export goals across both manufacturing and services f...

March 14, 2025 1:56 PM

India to cross $800 billion in exports this year, with major share from services: Piyush Goyal

India is on track to surpass $800 billion in exports this year, with a significant portion coming from services exports, Union Minister of Commerce and Industry Piyush Goyal has reiterated. Addressing the Export Promotion Councils (EPCs) and industry associations on Thursday, the minister assured that the government is working tirelessly and will leave no stone unturned to secure a promising future for Indian exporters, both in merchandise and services, while protecting national interests. Goy...

March 4, 2025 3:53 PM

PM Modi assures policy consistency and reforms to drive inclusive growth

Prime Minister Narendra Modi, addressing post-budget webinars via video conferencing on Tuesday, reaffirmed the government’s commitment to stable policies and continuous reforms to boost India's manufacturing, exports, and MSME sectors. The webinars, focused on themes such as MSMEs as engines of growth, manufacturing and exports, and regulatory and investment reforms, aimed at shaping post-budget strategies. "Today, the country has been witnessing an unprecedented consistency in government po...