Indias Exports To US Dip For 2Nd Month By 8.58 Pc To USD 6.3 Bn
During the April-October period of this fiscal, the country's exports to the US increased by 10.15 per cent to USD 52.11 billion, while imports rose 9.73 per cent to USD 30 billion, the data showed.
The US has imposed a sweeping 50 per cent tariff on Indian goods entering American markets from August 27. The two countries are negotiating a bilateral trade agreement to boost two-way commerce. The Indian team is in Washington for the trade talks.
On the data, Commerce Secretary Rajesh Agrawal said: "We have been able to hold our ground" despite high duties.
China, another major trading partner of India, saw a 42.35 per cent jump in exports from India to USD 1.62 billion in October and a 24.77 per cent growth in April-October 2025-26 to USD 10.03 billion.
Imports from the neighbouring country in October rose 15.63 per cent to USD 11.1 billion while during the first seven months of this fiscal, the inbound shipments rose by 11.88 per cent to USD 74 billion.
The UAE, the Netherlands, the UK, Germany, Bangladesh, Singapore, Saudi Arabia, South Africa, Nepal, Italy, Australia, France, Belgium, Korea and Malaysia were also among the countries which saw negative growth in exports from India during the month under review.
However, exports to Hong Kong and Spain registered positive growth.
On the imports front, inbound shipments in October declined from nations, including Russia, Saudi Arabia, Iraq, Korea, Indonesia, and Taiwan.
However, imports rose from the UAE, Singapore, Japan, Malaysia, the UK and Thailand.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.

Comments
No comment