In the year 2025, America has imposed approximately 50 percent additional duty on India’s exports. Even after that, India’s exports weathered the Trump tariffs and Indian exporters maintained strong export growth by diversifying their markets. Experts say that Trump’s tariffs have not caused the expected loss to India. On the contrary, a rise has been seen. The main reason for which is India’s long-term preparation and India’s acceptance in other markets of the world.
He believes that this boom is likely to continue in 2026 also. In the words of a senior trade ministry official, trade is like water, it finds its own path. With the same principle, Indian commodity exports have responded rapidly to challenges like the Covid-19 pandemic, Russia-Ukraine war, Israel-Hamas war, Red Sea shipping crisis, semiconductor supply problem and now high US tariffs.
How did India’s exports increase in the past years?
India’s exports were approximately $ 276.5 billion in 2020, which increased to $ 395.5 billion in 2021 and $ 453.3 billion in 2022. In 2023 it fell to $389.5 billion, but then in 2024 it reached $443 billion. 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, with an increase of more than six percent on an annual basis. Even in the current financial year (April-November 2025), exports stood at $562 billion, which shows India’s resilience amid global challenges.
Same trend is likely to remain in 2026 also
He said that based on current trends, India’s export growth is likely to remain strong in 2026 also. In particular, three free trade agreements (Britain, Oman and New Zealand) are going to be implemented next year, which will provide better market access to Indian goods and services. US imposes higher duties 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 favorable sign for exporters. However, exporters are still cautious about global uncertainties. They are hoping for the early completion of the bilateral trade agreement with the US and the trade agreement with the European Union so that exports can be further strengthened.
Government is helping exporters
The World Trade Organization (WTO) has warned that global trade may grow 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. The government has taken several steps to provide assistance to exporters. These include export promotion missions of Rs 25,060 crore, uncollateralized credit facilities up to Rs 20,000 crore to eligible exporters, longer loan repayment periods, and use of new trade agreements (FTAs) to help exporters address global challenges.
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. Electronics exports in particular have grown by nearly 39 per cent, reflecting capacity building due to foreign direct investment and deeper participation in the global supply chain. Apart from this, exports of engineering goods, medicines and vehicles are also maintaining a steady pace.