India’s Exports News: New market, new opportunity! 19.37% increase in Indian exports; Indian goods are also in demand

• 19.37% increase in exports of the country
• Indian goods are also in demand in many new markets
• Imports declined by 1.88 percent to $62.66 billion

India’s Exports News: In the government data released on Monday, the country’s export related information was given. India’s exports rose 19.37 percent to $38.13 billion in November, while imports fell 1.88 percent to $62.66 billion. Commerce Secretary Rajesh Aggarwal said exports in November made up for the loss in October this year. He said November’s exports at $38.13 billion were the highest in the last 10 years. India’s trade surplus rose to $24.53 billion in November, well below economists’ expectations of $32 billion and well below the record $41.68 billion recorded in October.

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While trade booty stood at $30 billion, actual trade booty was less than $25 billion, the lowest in five months. In the eight months from April to November, total exports increased by 2.62 percent to 292.07 billion US dollars, while imports increased by 5.59 percent to 515.21 billion US dollars. Despite the US imposing a 50 percent tariff on India, India has established new trade ties with many countries and increased exports. This result was reflected in the November data. Moreover, exports to the US also increased. Secretary Rajesh Aggarwal said that despite the additional duty, India has maintained its strong position in terms of exports to the US. He further said that the decline in imports was due to decline in imports of gold, oil and coal.

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US pressure on open markets

According to the data, India’s exports to the US in November rose nearly 10 percent month-on-month to US$ 6.92 billion. Compared to the previous year, this represents an increase of more than 21 percent, which is higher than the US$ 5.79 billion a year ago. In October, US exports fell nearly 9 percent from a year earlier to $6.31 billion. That’s down from last year’s $6.91 billion, though still higher than September’s $5.47 billion.

The central government has taken several measures, including consumer tax cuts, export promotion packages and labor reforms, to protect the economy from the heavy impact of US tariffs. Prime Minister Modi held talks with US President Donald Trump last week after the visit of the US trade delegation. Washington imposes tariffs on India on American goods and Non tariff Pushing to lower barriers and open markets for American agricultural products, including soybeans and sorghum.