India's exports to US jump 22% in November despite tariffs
India's exports to the US shot up by 22% in November 2024, even with high tariffs still in place.
This bounce-back follows a couple of slow months and actually outpaced India's overall export growth for the same period.
What fueled this surge?
A big part of the boost came from diversifying shipments—not just to the US, but also to China and Hong Kong, thanks to changes in global trade (like China restricting imports from Japan).
Engineering goods did especially well, with strong demand from Europe too.
Why did exports rise despite tariffs?
Some Indian products—like electronics and pharmaceuticals—got tariff exemptions from the US, making them cheaper for American buyers.
Plus, a weaker rupee made Indian goods more affordable abroad.
What's next for Indian exports?
Even with this win, there are worries about keeping up momentum.
New orders from the US have slowed by December, and India's textile industry is feeling pressure from tough competitors like Vietnam and Bangladesh.
So while November was a bright spot, challenges remain ahead.