Indian exports hit record high

RT.com
11 Dec 2025, 17:09 GMT+10

The 5.86% growth registered in April to September came as US tariffs began to set in

Indian exports hit a record high in the first half of the current financial year, according to official data.

Exports rose 5.86% year-over-year in April to September to a record $418.91 billion, the Commerce Ministry said on Wednesday.

"India's export performance was strongly supported by export destinations including USA (13.34%), United Arab Emirates (9.34%), China (21.85%), Spain (40.30%), and Hong Kong (23.53%), each registering robust growth during April-September 2025 as compared to same period last year," the ministry said in a statement.

The US imposed 50% tariffs on India in August, half of which was punitive levies for New Delhi's purchases of Russian oil.

India has dismissed criticism over its Russian oil imports and maintains that its energy policy is driven by national interest.

New Delhi is negotiating deals with nearly a dozen countries or trade blocs, including the US and the European Union.

The services sector accounted for the bulk of the growth in the April-September period, recording exports worth $199.03, up 9.34% from the same period last year.

Earlier this week, US President Donald Trump threatened more tariffs on India, accusing it of dumping rice into the American market.

The data on exports was released amid talks between a US delegation led by Deputy US Trade Representative Rick Switzer and Indian officials in New Delhi.

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