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Informist, Wednesday, Oct. 8, 2025

 

--Minister Goyal: India's Apr-Sept exports up Y-o-Y despite global turbulence

 

MUMBAI – India's exports in Apr-Sept, of goods as well as services, were higher than the print seen a year ago despite current global turbulence, Commerce and Industry Minister Piyush Goyal said Wednesday. Goyal's comment suggests that India's goods exports in September--the government is likely to release this data next week--was over $29.55 billion.

 

India had exported goods worth $213.68 billion in Apr-Sept of 2024. Till August this financial year started April, Indian exporters had shipped goods worth $184.13 billion.

 

Much of the global turbulence emanates from a shift in the US trade policy with the levy of country-wise reciprocal tariffs and product-wise tariffs. In fact, citing the turbulence, the World Trade Organization also cut the global trade growth estimate to 0.5% for 2026. 

Meanwhile, Indian goods have been attracting 50% tariff in the US--India's top export destination--since August. The tariffs pose a risk to over $50 billion of India's exports. In 2024-25 (Apr-Mar), India's exports to the US were $86.51 billion, and India had a trade surplus of $40.82 billion with the US.  End

 

US$1 = INR 88.79

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Krity Ambey and J. Navya Sruthi

Edited by Tanima Banerjee

 

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