An employee works at a textile factory in Bhilwara, in the Indian state of Rajasthan, July 6, 2025.
Himanshu Sharma | Afp | Getty Images
India’s total goods exports in November rose 19% year-on-year to $38.13 billion, with a sharp improvement in the country’s trade with the United States.
India’s trade deficit, which had reached a record high of around $41.7 billion in October, narrowed to $24.5 billion in November, beating a Reuters poll’s estimate of $32 billion.
India’s exports to the United States increased by 22.6% in November to $6.98 billion, which was even higher than its exports of $6.31 billion in the previous month.
Indian exports to the United States declined by 8.6% in October and 11.9% in September.
India’s exports of goods and services for November increased by 15.52% to $73.99 billion.
Exports of electronics, gems and jewelry, engineering goods and even ready-made textiles improved in November compared to last year.
In August, the United States imposed additional tariffs of 25% on Indian imports, bringing the total duties to 50%, among the highest imposed by Washington on its trading partners, with textiles, gems, jewelry and marine products hit hardest.
“Despite global headwinds, India recorded positive export growth with 14 of its top 20 trading partners, reflecting growing diversification and resilience in foreign trade,” said Rajeev Juneja, president of Indian industry body PHDCCI.
Trade negotiations between the United States and India have been underway for months, but no agreement has been reached so far. Both sides have started to soften their stance, with US President Donald Trump hinting at reducing tariffs on India.
Reaching out to Washington, New Delhi has increased its purchases of oil and gas from the United States to reduce the trade surplus it enjoys with Washington. The country is also expected to purchase agricultural products from the United States.
