India's exports and imports registered growth in September 2025. Exports increased by 6.74% to $36.38 billion, and imports rose by 16.6% to $68.53 billion. Despite American tariffs, India demonstrated strength in its exports by focusing on other global markets.
India's exports: In September 2025, both India's exports and imports grew, indicating the country's robust economy despite global economic uncertainties. According to government data, exports rose to $36.38 billion, while imports amounted to $68.53 billion, pushing the trade deficit to $32.15 billion. Despite 50% US tariffs, India boosted its exports by concentrating on other markets. Key export products include engineering goods, electronic items, pharmaceuticals, chemicals, gems & jewelry, and rice. Experts suggest that the increase in exports reflects the competitive capability of Indian exporters.
Growth in Exports and Imports
According to government data, India's merchandise exports in September 2025 reached $36.38 billion, an increase of 6.74 percent compared to the same month last year. Meanwhile, imports saw a 16.6 percent rise, reaching $68.53 billion. During this period, the trade deficit expanded to $32.15 billion, the highest level in a year.
In the first half of the financial year 2025-26, from April to September, total exports stood at $220.12 billion, which is 3.02 percent higher than last year. Imports reached $375.11 billion, indicating a 4.53 percent growth. The total trade deficit during this period surged to $154.99 billion.
No Impact of US Tariffs
The US had imposed tariffs of up to 50 percent on Indian goods, which was expected to affect India's exports. However, the figures disprove this assumption. Commerce Secretary Rajesh Agarwal stated that despite global uncertainties and US tariffs, India's goods and services exports are performing well. He explained that approximately 45 percent of India's exports to the US fall outside the purview of high tariffs. Additionally, India focused on other international markets rather than US markets, thereby sustaining export growth.
Sectoral Growth
India's b domestic industries and supply chains have contributed to sustained growth. According to data, exports of engineering, electronics, pharmaceuticals, chemicals, gems & jewelry, and rice registered good growth in September. In contrast, petroleum product exports declined to $30.63 billion during the April-September period, compared to $35.65 billion in the same period last year.
Furthermore, gold imports in September increased to $9.6 billion, up from $5.14 billion in the same month last year. Increases were also observed in the imports of fertilizers and silver.
Exports Strong, Focus on Local Production Necessary
S. C. Ralhan, President of the Federation of Indian Export Organisations (FIEO), stated that the continuous growth in exports in September demonstrates the strength and competitive capability of Indian exporters despite global challenges. He added that the increase in imports highlights the need to further strengthen domestic manufacturing.
S. C. Ralhan explained that the rise in imports of electronics, machinery, and intermediate goods indicates a need to emphasize local production and innovation. He urged the government to adopt a strategy for import substitution by encouraging local production and enhancing global competitiveness.
India's Grip from a Global Perspective
India's export growth signals to countries like the US and China that Indian industries are robust and gaining a ber foothold in the global market. Despite US tariffs, India prevented its exports from being affected and boosted them by seeking opportunities in alternative markets.
This could be challenging for China and the US, as Indian products might now impede their market share. Furthermore, India's stable supply chain and b domestic industries make it even more competitive.
