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NIFTY OIL & GAS 10,011.10 up stock 39.05 (0.39%)
NIFTY COMMODITIES 7,806.85 up stock 25.00 (0.32%)
NIFTY ENERGY 31,069.80 up stock 220.75 (0.72%)
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ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)
NIFTY 50 22,865.50 Down stock -79.80 (-0.35%)
NIFTY 100 23,290.70 Down stock -40.70 (-0.17%)
NIFTY 500 20,648.70 up stock 37.30 (0.18%)
NIFTY MIDCAP 50 14,072.75 up stock 76.00 (0.54%)
INDIA VIX 15.60 Down stock -0.07 (-0.39%)
NIFTY MIDCAP 150 18,531.75 up stock 155.90 (0.85%)
NIFTY SMALLCAP 50 7,468.35 up stock 122.35 (1.67%)
NIFTY BANK 49,314.80 up stock 227.50 (0.46%)
NIFTY AUTO 21,727.25 Down stock -91.65 (-0.42%)
NIFTY FMCG 52,287.95 Down stock -192.55 (-0.37%)
NIFTY IT 40,826.50 Down stock -637.85 (-1.54%)
NIFTY MEDIA 1,486.95 up stock 14.30 (0.97%)
NIFTY METAL 8,315.85 up stock 60.25 (0.73%)
NIFTY PHARMA 20,746.65 Down stock -222.55 (-1.06%)
NIFTY PRIVATE BANK 24,647.85 up stock 147.25 (0.60%)
NIFTY REALTY 841.30 up stock 9.25 (1.11%)
NIFTY OIL & GAS 10,011.10 up stock 39.05 (0.39%)
NIFTY COMMODITIES 7,806.85 up stock 25.00 (0.32%)
NIFTY ENERGY 31,069.80 up stock 220.75 (0.72%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)

Updated 15:38 IST, January 26th 2025

India’s Exports to the US Surge 5.57% to Nearly $60 Billion in 2024-25 Fiscal Year

Since 2021-22, the US has been India’s largest trade partner, accounting for 18% of exports, over 6% of imports, and 11% of total trade.

Reported by: Business Desk
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Exports | Image: Unsplash

India’s exports to the United States have seen a notable increase of 5.57%, reaching $59.93 billion in the first nine months of the fiscal year 2024-25 (April-December). This growth is attributed to strong demand from the US market for Indian products, according to government data.

In December alone, exports jumped by 8.49%, totaling $7 billion. On the flip side, India’s imports from the US during the same period rose by 1.91%, amounting to $33.4 billion, with December seeing a higher growth rate of 9.88%, reaching $3.77 billion.

Trade analysts suggest that the positive export trend is likely to continue, driven by increasing demand for Indian goods and the ongoing economic dynamics. The total trade between the two nations during April-December 2024-25 stood at $93.4 billion. By comparison, trade with China during the same period was slightly higher at $94.6 billion.

The United States has been India’s largest trade partner since 2021-22, making up about 18% of India’s total goods exports, over 6% of imports, and approximately 11% of total bilateral trade.

Some experts have expressed concerns over potential challenges in this trade relationship, particularly with the US considering the imposition of higher tariffs on certain Indian products. In 2018, US tariffs on Indian steel and aluminum led to retaliatory measures from India, which imposed higher duties on 29 US goods, balancing out the revenue losses.

Trade experts, such as Ajay Srivastava of the Global Trade Research Initiative (GTRI), have emphasized that India should take a strong and reciprocal approach if additional tariffs are imposed by the US, as previously hinted by former President Donald Trump. Despite these concerns, the overall outlook for trade between the US and India remains optimistic.

(With PTI Inputs)

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Published 15:38 IST, January 26th 2025