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Summary:

India’s exports increased by 5.57% to Rs. 5.17 lakh crore (US$ 59.93 billion) between April and December 2024, mainly due to strong demand in the United States. December exports rose by 8.49%. Imports climbed by 1.91% to Rs. 2.88 lakh crore, with December imports up 9.88%. Experts predict that trade between India and the United States will continue to grow, as the US has been India's top trading partner since FY22.

 

From April to December FY25, India's trade with the US was Rs. 8.07 lakh crore (US$ 93.4 billion), slightly lower than its trade with China, which was Rs. 8.17 lakh crore (US$ 94.6 billion). Experts foresee potential for Indian exporters as global trade patterns evolve, particularly between the US and China. Despite possible tariffs on Indian goods, India has proven its ability to navigate such challenges, as shown in 2018 when it responded to US tariffs on steel and aluminium.

 

Source: IBEF 

 

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.

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