India's exports to US bounce back a bit, but trade gap hits new high

Business Nov 18, 2025

India's exports to the US grew 14.5% in October 2025, reaching $6.3 billion and snapping a four-month losing streak caused by steep US tariffs.
Still, that's 8.6% lower than last year, thanks to ongoing pressure on key sectors like textiles and gems.

Why does this matter?

While exports to the US showed some life, India's overall exports actually dropped nearly 12% compared to last year.
Meanwhile, imports—especially gold—shot up so much that the trade deficit increased by about 59% from October 2024.
To help exporters weather these tough times, the government has rolled out big support schemes like a ₹25,060 crore Export Promotion Mission and easier credit options so businesses can adjust to higher tariffs and shifting global demand.