India's exports bounce back with $36 billion boost
India's merchandise exports are set to hit $36 billion in November 2025, jumping 15% from last year—even after a tough October drop and new US tariffs.
This rebound is a good sign after months of shaky demand, according to two people with direct knowledge of the data.
New markets step up as US demand dips
With exports to the US down 8.6%, India found support elsewhere—shipments to China soared over 42% in October, and sales to Spain, the EU, UAE, and Russia also picked up.
Diversifying where goods go is helping keep things steady.
Trade deficit shrinks as imports cool off
After a record trade gap in October thanks to gold and silver buying sprees, November saw fewer precious metal imports—which helped narrow the deficit.
Plus, electronics exports surged nearly 38%, and seafood shipments grew by about 12%, showing that some sectors are thriving despite global ups and downs.