India's exports to U.S. up 5.57% to $60 bn in April-December FY25
The Hindu
India's exports to the U.S. rise, experts predict continued growth despite potential trade war concerns.
India’s exports rose by 5.57% to $59.93 billion during April-December this fiscal on account of healthy demand in the American market for domestic goods, according to government data.
During December, the shipments increased by 8.49% to $7 billion, the data showed.
On the other hand, imports during the first nine months of 2024-25 grew by 1.91% to $33.4 billion, while in December it was up by 9.88% to $3.77 billion.
According to experts, going by the trend, the total trade between the two countries will continue to grow in the coming months also.
The bilateral trade during April-December 2024-25 stood at $93.4 billion, as against $94.6 billion between India and China.
The experts added that the possible trade war between the U.S. and China will give huge export potential for Indian exporters.
The U.S. is the largest trading partner of India from 2021-22. The U.S. accounts for about 18% of India's total goods exports and over 6% in imports and about 11 per cent in bilateral trade.