Editor’s Note
India’s export sector shows robust growth, with a 15.5% year-on-year increase to nearly $74 billion. This expansion is supported by strategic free trade agreements, including a new pact with Oman, and a focus on diversifying export markets to enhance economic resilience.
Between November 2024 and November 2025, India’s total exports rose from US$ 64.05 billion to US$ 73.99 billion, registering a strong 15.52% growth.
India has inked a series of major Free Trade Agreements (FTAs), the most recent being the Comprehensive Economic Partnership Agreement (CEPA) with Oman. Active negotiations are ongoing with several other countries.
Export diversification is further poised to strengthen trade stability, competitiveness, and long-term economic security amid global uncertainties.
Driven by diversification, innovation, and strategic trade reforms, India continues to strengthen its position in global markets. From strong post-pandemic recovery to enduring global uncertainties, India’s exports are not just growing, they are setting new benchmarks. The year-on-year rise from November 2024 to November 2025 highlights India as a trusted and reliable partner in global trade.
Between November 2024 and November 2025, India’s total exports rose from US$ 64.05 billion to US$ 73.99 billion, registering a strong 15.52% growth, while imports remained largely stable at US$ 80.63 billion. Consequently, the trade deficit narrowed significantly by 61.07%, from US$ 17.06 billion to US$ 6.64 billion.
For export growth, India is also focused on enhancing its international trade relations. India’s trade agreements with other economies reinforce its commitment to inclusive growth, benefiting farmers, artisans, workers, and MSMEs while safeguarding core national interests. Most recently, the India–Oman agreement builds on long-standing bilateral ties, creating a forward-looking and balanced economic framework.
India’s exports recorded year-on-year growth in November 2025, reflecting sustained momentum in external trade. The increase was supported by higher export values across key merchandise and services sectors, alongside steady demand from major partner countries. This performance underscores the resilience of India’s export sector amid evolving global trade conditions.
Merchandise exports during November 2025 were US$ 38.13 Billion as compared to US$ 31.94 Billion in November 2024, registering a growth of 19.38% over the year.
Services export for November 2025 is US$ 35.86 Billion as compared to US$ 32.11 Billion in November 2024, indicating growth of 11.67% in a year.
The share of merchandise exports was 51.53%, whereas service exports constituted 48.47% of total exports in November 2025.
Readymade garments of all textiles, a labor-intensive sector, continue to contribute positively. Exports rose to USD 1247.37 Million with an 11.27% increase in November 2025 compared to last year.
Some of the large export markets for India which clocked impressive growth rates were UAE (14.5%), UK (1.5%), Japan (19.0%), Germany (2.9%), Spain (9.0%), and France (9.2%). On the other hand, some of the other markets that recorded higher growth rates were Egypt (27%), Saudi Arabia (12.5%), and Hong Kong (69%). This performance highlights the sector’s adaptability and competitiveness in the face of global uncertainties.
Similarly, Organic and Inorganic Chemicals exports grew by 18.49% over the year in November 2025. India’s drugs and pharmaceutical exports also showed robust performance.
