India's Exports Show Resilience Amid Global Uncertainties

Strategic Insights -

India's exports have registered a 5 percent growth during the first six months of the fiscal year 2025-26, reaching $413.3 billion, despite global uncertainties due to US tariffs. Commerce and Industry Minister Piyush Goyal expressed confidence that India's exports will show a positive growth in 2025-26. The growth in merchandise shipments was 3 percent, reaching $220.12 billion. However, India's exports to the US declined by 12 percent in September due to the imposition of US tariffs.

Key Takeaways:

  • India's goods and services exports grew by 5 percent to $413.3 billion during April-September 2025-26.
  • India's merchandise shipments rose by 3 percent to $220.12 billion during the same period.
  • The imposition of US tariffs disrupted global supply chains and impacted India's exports to the US, which fell by 12 percent in September.
  • The recent cut in GST rates led to a decrease in outward FPI to less than $900 million in September from around $4 billion in August.
  • Commerce and Industry Minister Piyush Goyal expressed confidence in India's exports, stating that there is resilience and a demand for Indian goods and services across the world.
  • Goyal mentioned that India will continue to grow on this trajectory and end 2025-26 with a positive growth in exports.

Statistics:

  • India's exports grew by 5 percent to $413.3 billion during April-September 2025-26.
  • Merchandise shipments rose by 3 percent to $220.12 billion during the same period.
  • India's exports to the US declined by 12 percent in September.
  • Outward FPI decreased to less than $900 million in September from around $4 billion in August.

Sources:

  • Press statement citing Commerce and Industry Minister Piyush Goyal in April-September, 2025-26 (no specific date mentioned)