Year America imposed 50 percent tariff on India in 2025, but despite this, no significant impact was seen on India’s exports. Indian exporters have maintained strong export growth by diversifying their markets and this growth is likely to continue in 2026. In the words of a senior trade ministry official, “Trade is like water and it finds its own path.” It is with this principle that Indian commodity exports have responded rapidly despite challenges like the Covid-19 pandemic, Russia-Ukraine war, Israel-Hamas war, Red Sea shipping crisis, semiconductor supply problems and now high US tariffs.
India exported $825.25 billion in the financial year 2024-25
India’s exports were about $276.5 billion in 2020, increasing to $395.5 billion in 2021 and $453.3 billion in 2022. It fell to $389.5 billion in 2023, but then reached $443 billion in 2024. By the year 2025 (January-November), its figure will reach approximately 407 billion dollars. Commerce Secretary Rajesh Aggarwal said that India’s goods and services exports reached a historic high of $ 825.25 billion in the financial year 2024-25, which increased by more than 6 percent on an annual basis.
Exports worth 562 billion dollars in 8 months of the current financial year
Even in the current financial year (April-November 2025), exports stood at $562 billion, which shows India’s resilience amid global challenges. He said that based on current trends, India’s exports are likely to remain strong in 2026 also. Especially the free trade agreements FTA with Britain, Oman and New Zealand are going to be implemented next year, which will give better market access to Indian goods and services.
Despite high tariff, exports to America increased by 22.61 percent in November
America imposes high tariffs on Indian goods in 2025. Due to this, exports to America were affected in September and October, but in November 2025, exports to America increased by 22.61 percent to reach $6.98 billion, which is a good sign for exporters. The World Trade Organization (WTO) has warned that global trade may grow by only 2.4 percent in 2025, while the forecast for 2026 has dropped to 0.5 percent, indicating a decline in trade and manufacturing activity in developed economies.
India’s exports will increase in 2026 also
According to export experts, India’s exports will also increase in 2026 because the competitiveness of domestic goods and services, diversification of products and markets will drive exports forward. Electronics exports, in particular, have grown by nearly 39 percent, reflecting capacity building due to foreign direct investment (FDI) and deeper participation in the global supply chain. Apart from this, exports of engineering goods, medicines and vehicles are also maintaining a steady pace.
Latest Business News