Why India is giving $5.1B support package to exporters

Business Nov 12, 2025

India just announced a massive ₹450.6 billion ($5.1 billion) support package to help local exporters weather new US tariffs as high as 50% that kicked in this August.
Sectors like textiles, gems and jewelry, leather, marine products, and chemicals—key export sectors—have been hit the hardest.

Package aims to protect jobs, especially in textile and leather

With exports to the US dropping nearly 12% in September alone, this package is meant to keep Indian businesses competitive and protect jobs, especially in states like Tamil Nadu and Gujarat.
The plan offers easier loans and funding for trade logistics through 2026, aiming to soften the blow on both the economy and workers whose livelihoods are at risk from these sudden tariff hikes.