India’s Trade Deficit Narrows to $26.86 Billion as Exports Surge 26% in August

September 15, 2026 6:14 PM

India’s Trade Deficit Narrows to $26.86 Billion as Exports Surge 26% in August

India's merchandise trade deficit narrowed to $26.86 billion in August, from $27.20 billion in the same month last year, as goods exports grew at a faster pace than imports, Commerce Secretary Rajesh Agrawal said. The trade deficit also declined sequentially from nearly $32 billion in July, according to the latest trade data. Merchandise exports registered a robust 26.12 per cent year-on-year growth in August to reach $43.18 billion, while imports rose 14.1 per cent to $72.67 billion. Agrawal...

India’s exports grow 5.79% to $790.86 billion between April 2025-February 2026

March 16, 2026 5:12 PM

India’s exports grow 5.79% to $790.86 billion between April 2025-February 2026

India’s total exports of merchandise and services recorded steady growth during the current financial year, reaching $790.86 billion in April-February 2025-26, marking a 5.79 per cent increase over $747.58 billion during the same period last year, according to data released by the Ministry of Commerce and Industry. The growth was driven by strong performance in sectors such as engineering goods, electronics, chemicals, gems and jewellery, and agri-based products. Merchandise exports see mode...

Trump drops tariffs on food imports; India’s mango and tea exports may benefit

November 15, 2025 1:58 PM

Trump drops tariffs on food imports; India’s mango and tea exports may benefit

US President Donald Trump has cut tariffs on food imports as “affordability” emerges as a potential political factor, and India’s mango, pomegranate, and tea exports may benefit. Tropical fruits and juices, tea, and spices are among the imports that will not be affected by reciprocal tariffs, the White House announced on Friday. Other items mentioned in the White House factsheet include coffee and tea, cocoa, oranges, tomatoes, and beef. Trump had previously imposed 25 per cent reciproca...

US tariff impact: India can increase exports to other countries, leverage UK FTA benefits

August 20, 2025 1:29 PM

US tariff impact: India can increase exports to other countries, leverage UK FTA benefits

India can mitigate the impact of higher US tariffs—particularly on its micro, small and medium enterprises (MSMEs) - by diversifying exports to other markets and leveraging gains from the recently concluded free trade agreement (FTA) with the United Kingdom, as well as a potential trade deal with the European Union, according to a report. The imposition of higher tariffs by the US will affect MSMEs, which account for as much as 45 per cent of India's total exports, said the report released on...

Centre to issue new guidelines to promote first-time exporters: Piyush Goyal

July 14, 2025 10:29 PM

Centre to issue new guidelines to promote first-time exporters: Piyush Goyal

The government will soon issue new guidelines on how to promote new markets, new products, and new exporters, Commerce Minister Piyush Goyal said on Monday. He added that the Ministry and districts can work together to promote One District One Product (ODOP) items in newer markets and support first-time exporters. He said the Commerce Ministry will collaborate with districts to help first-time exporters reach new markets. Goyal highlighted that 773 districts across various states have contribu...