How did India’s exports recover so strongly in November?
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Synopsis
In a surprising turn of events, India's exports, which plummeted in October, have rebounded significantly in November. Union Minister Piyush Goyal shared insights into this growth, hinting at a promising economic outlook despite global challenges. Stay tuned for the detailed statistics set to be released on December 15.
Key Takeaways
- Exports rebounded in November after a decline in October.
- The Commerce Ministry will release detailed data on December 15.
- India is actively pursuing free trade agreements.
- GDP growth reached 8.2 percent in Q2.
- Strong foreign exchange reserves bolster economic confidence.
New Delhi, Dec 4 (NationPress) India's exports, which had seen a decline of nearly 12 percent in October, have demonstrated a remarkable recovery in November, as stated by Union Commerce and Industry Minister Piyush Goyal.
While specific figures were not revealed, the Commerce Ministry is set to publish the comprehensive export and import statistics for November on December 15.
"Merchandise exports are currently performing strongly. Although there was a drop in October, exports in November have exceeded the decline experienced the previous month. When aggregating the figures for October and November, there is an observable growth in merchandise exports despite the ongoing global challenges," Goyal informed the press.
He emphasized India's commitment to deeper engagement with trading partners, stating that the country will soon showcase its successful collaborations with various nations.
Goyal remarked on the strength of the economy, noting, "GDP growth has reached 8.2 percent in Q2, surpassing all predictions. Recent months have recorded the lowest inflation rates. Our foreign exchange reserves remain solid."
He added, "The positive indicators include capital inflows, investments in infrastructure, and consumer spending, all of which reflect a strong economic outlook."
Despite tariffs impacting shipments to the United States, total merchandise and services exports rose by 5 to 6 percent during the July-September quarter, thanks to export diversification and effective policy measures.
India is actively negotiating free trade agreements (FTAs) with nations such as the US, European Union (EU), New Zealand, Oman, Chile, and Peru.
During the first half of FY26, India's total merchandise exports rose by 2.9 percent to $220 billion, with shipments to the US increasing by 13 percent to $45 billion, despite front-loading effects and a decrease in the US share of exports since July 2025.
IANS
aar/na
Point of View
It's crucial to recognize the resilience of India's export sector amid global uncertainties. The recent rebound in exports underscores the nation's potential for economic growth. With ongoing negotiations for free trade agreements and a strong GDP performance, India is positioning itself favorably on the global trade stage.
NationPress
04/12/2025
Frequently Asked Questions
What caused the decline in India's exports in October?
The decline in October was primarily attributed to global economic challenges and trade disruptions.
When will the official export data for November be released?
The official export and import data for November will be published by the Commerce Ministry on December 15.
Which countries is India negotiating free trade agreements with?
India is currently in negotiations for free trade agreements with the US, EU, New Zealand, Oman, Chile, and Peru.
