INDIA EXPORTS
India's total exports jump to record $825 bn in FY25 as services shipments rise over 13%
India's exports reached a record USD 824.9 billion in 2024-25, propelled by a surge in services exports to USD 387.5 billion. This represents a 6.01% growth over the previous year, with key sectors like telecommunications and financial services contributing significantly. However, concerns remain about order inflows from the US and Europe, prompting calls for government support.
Moolans Exports (India) crosses INR 100 crore revenue milestone, charts path to success
Moolans Exports (India) Pvt Ltd, part of the Varghese Moolan Group, has surpassed INR 100 crore in revenue through strategic rebranding and a customer-centric approach. The company exports over 200 products to regions including the Middle East and USA, with a strong presence in Saudi Arabia.
Comm Min's export promotion mission may have 12-point plan to push exports, help MSME exporters
The commerce ministry's Export Promotion Mission (EPM), with a Rs 2,250 crore outlay, is set to launch with up to 12 components. These include easy credit schemes for MSMEs and e-commerce exporters, overseas warehousing facilitation, and global branding initiatives.
India may export up to 8 lakh tons of sugar this season: Food Secretary Sanjeev Chopra
India, the world's leading sugar producer, is projected to export up to 8 lakh tonnes of sugar in the 2024-25 season, falling short of the 10 lakh tonne quota. As of now, 3 lakh tonnes have been shipped, with another 60,000 tonnes at ports.
Apple exports 97.6% of iPhones to US from India amid tariffs: Report
With Beijing retaliating against the US action, the reciprocal tariff on China has gone up to 245% for some products. However, consumer electronics items including smartphones and laptops have been exempted from reciprocal tariffs. The Trump administration will announce special tariffs for these products, sometime in May.
India’s plastics exports grow 8% in FY 2024–25, reaching USD 12.5 billion: PLEXCONCIL
India's plastics exports surged by 8% in FY 2024-25, reaching USD 12.5 billion, driven by strong performances in plastic films, woven sacks, and floor coverings.
Union minister Piyush Goyal meets UK leaders, calls it a 'fruitful exchange' to boost economic ties
The leaders engaged in productive discussions focused on deepening India-UK economic cooperation and strengthening the longstanding partnership between the two nations.
India, Rotterdam Port plan green, digital corridor for clean energy exports to Europe
Commerce Secretary Sunil Barthwal visited the Netherlands. The visit aimed to establish a green and digital corridor. This corridor will connect Rotterdam port with Indian ports. The goal is to facilitate green hydrogen export to Europe. Discussions also covered semiconductor cooperation with ASML. Barthwal also visited Croatia to discuss the India-EU free trade agreement.
Low labour productivity and gaps in high-tech infrastructure holding back India's export potential: Report
India is diversifying exports with FTAs. The Purchasing Managers' Index leads in Asia. Positive sentiment is seen across manufacturing parameters.
High US tariffs pushing Chinese exporters to tap Indian firms for shipments to America: FIEO
American sourcing firms and Chinese exporters are contacting Indian companies to supply goods to the US, aiming to circumvent high tariffs imposed by Washington on Chinese products. The US has imposed 145% tariffs on Chinese goods, while India faces only 10%. Chinese manufacturers are also seeking to pass export orders to Indian firms, maintaining US business relationships through commission-based arrangements.
Govt collating data of indirect exports of Indian goods to Pakistan from third countries: Sources
India is scrutinizing indirect exports to Pakistan via third countries. This action follows heightened tensions and trade route closures after a recent terror attack in Pahalgam. The government is gathering data from customs and export councils. Trade between India and Pakistan has significantly decreased since the Pulwama attack. Both nations have imposed trade restrictions, impacting exports and imports.
Strategy to deal with tariffs is flexibility: Oliver Wyman's Pedro Oliveira
Oliver Wyman suggests governments and companies adopt a flexible strategy amidst geopolitical uncertainty caused by US tariffs. India has a significant opportunity to become a key manufacturing hub, diversify exports, and attract global capability centers. Indian companies are actively strategizing to address disruptions, particularly in export-heavy sectors like pharma and automotive.
UP aims to triple exports to Rs 5 lakh cr in next five years with help of new policy
Uttar Pradesh is formulating a new export policy for 2025-30, aiming to triple outbound shipments to over Rs 5 lakh crore in five years. The policy includes capital subsidies, sops for exporters, and a dedicated export promotion fund. It seeks to boost UP's contribution to India's overall exports by incentivizing infrastructure development and providing financial assistance for export-related activities.
Engineering goods exports from India reach record high in 2024-25, hit $116.7 billion
India's engineering goods exports hit a record high of USD 116.67 billion in fiscal year 2024-25. This represents a 6.74 percent increase. The United States was the top destination. There was growth in exports to the UAE, Singapore, and Nepal. Engineering exports outperformed overall merchandise exports. Concerns remain about global trade dynamics and potential impacts from US tariffs.
India may seek parity with US on tech access in bilateral trade pact talks: Sources
India plans to request the United States for relaxed export regulations. This will allow India access to important technologies. India seeks parity with US allies like Australia and the UK. The request includes sectors like telecom and AI. India also wants duty concessions for textiles and leather. The US desires concessions in automobiles and agriculture.
India, Netherlands discuss ways to boost trade, investments
Commerce Secretary Sunil Barthwal's visit to the Netherlands fostered discussions on boosting trade and investment, with a focus on enhancing collaboration through the Joint Trade and Investment Committee. India's exports to the Netherlands witnessed a rise of 1.75% in 2024-25, reaching USD 22.76 billion. Barthwal also visited Croatia to strengthen bilateral trade ties and explore investment opportunities.
Need to increase exports to make India stronger: Gadkari
Nitin Gadkari emphasized that India must boost exports and decrease imports to strengthen its global position. He viewed the US's reciprocal tariffs as a positive opportunity, opening new markets for Indian industries. Gadkari highlighted the sugar industry's recent order from the US as an example of how India can benefit from global trade dynamics.
India’s jewellery, textile exporters see contrasting impact from US tariffs
The US tariff policies have significantly impacted India's gems & jewellery and textiles sectors differently. Jewellery exports from Mumbai's SEEPZ have plummeted, leading to workforce reductions, while textile units in Tirupur are experiencing a surge in inquiries and orders as US buyers seek alternatives to China.
India, Pakistan trade miniscule; now will come to complete halt: Exporters
Following a terror attack in Pahalgam, India faced trade suspension from Pakistan. This includes routes through third countries. The Federation of Indian Export Organisations (FIEO) says bilateral trade was already minimal. India's exports to Pakistan included organic chemicals and pharmaceuticals. Imports were meagre. Trade relations soured after the Pulwama attack. India had withdrawn Most Favoured Nation status.
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