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Economic transformation: India emerging as ‘global hub for services exports’; poised to be world’s third-largest economy by 2027

India is rapidly establishing itself as a global leader in services exports, with a compound annual growth rate (CAGR) of 14.8 per cent over the past three decades, outpacing goods exports, which grew at 9.8 per cent, said National Stock Exchange (NSE) officials. According to news agency PTI, NSE chief economist Tirthankar Patnaik said, “India…

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India-US trade takes a hit amid tariff row; exports fall 37.5% in four months: GTRI report

India’s exports to the United States have plunged sharply following Washington’s imposition of 50 per cent tariffs on most Indian goods. September 2025 shipments fell to $5.5 billion, down 20.3 per cent from August, marking the fourth consecutive monthly decline and erasing over $3.3 billion in monthly trade since May, according to a report from…

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India-US trade: Merchandise exports to Washington drop after Trump’s 50% tariff; shipments to other countries rise

India’s exports to the United States fell in September, while shipments to other countries surpassed past growth figures, according to Crisil’s October report. Merchandise exports to the US dropped 11.9% to $5.5 billion, reversing a 7% gain seen in August 2025. The decline would have been even sharper if exporters had not made shipments ahead…

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India exports outlook: Piyush Goyal optimistic despite US tariffs; resilient growth expected in 2025-26

File photo: Union minister Piyush Goyal (Picture credit: PTI) Union commerce and industry minister Piyush Goyal on Saturday expressed confidence that India’s exports will maintain a positive growth trajectory in 2025-26 despite global uncertainties, including US-imposed tariffs.Addressing reporters, Goyal said that during the first six months of the current fiscal (April–September 2025-26), India’s goods and…

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US–India trade: India’s exports to US drop nearly 12% in September, imports rise 11.8%

India’s merchandise exports to the United States fell 11.93% to $5.46 billion in September amid Washington’s 50% tariff on Indian goods, while imports from the US rose 11.78% to $3.98 billion, according to data from the commerce ministry.During April–September FY26, exports to the US grew 13.37% to $45.82 billion, while imports increased 9% to $25.6…

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Merchandise trade deficit rises 30.37% to $32.15 billion: Exports up 6.75%, imports surge 16.7% in September

India’s merchandise exports in September 2025 rose 6.75 per cent to $36.38 billion from $34.08 billion a year earlier, while imports jumped 16.7 per cent to $68.53 billion, according to data released by the ministry of Commerce and Industry on Wednesday. The surge in imports, led by gold, silver, fertilisers, and electronics, pushed the merchandise…

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Trade talks with US: Delhi working to find ‘win-win situation’; 45% of Indian exports remain tariff-free

NEW DELHI: Government sources on Wednesday said that discussions between India and the United States on trade issues are “deeper and ongoing,” with both sides working towards finding a “win-win solution.“According to government sources quoted by ANI, engagement between India and the United States is continuing at multiple levels, with constructive discussions taking place.“The ambassador-designate…

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China trade holds strong: Exports hit six month high despite Trump’s tariff row; imports rose 7.4% in September

China’s overseas soared in September, beating analysts’ expectations, despite the ongoing trade tensions with the United States, according to official data.China’s exports in September hit a six month peak, surging 8.3% year-on-year to $328.5 billion, beating economists’ expectations, according to customs data released Monday. The growth far outpaced August’s 4.4% rise and exceeded Bloomberg’s forecast…

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