Indian exporters rushed to beat the reciprocal tariffs anticipated to come back into impact on April 2, pushing items value over $10 billion to the US final month alone — a pointy bounce of 35 per cent in comparison with March final 12 months, in response to information launched by the Commerce and Business Ministry on Wednesday.
Even because the reciprocal tariffs had been subsequently paused for 90 days, exporters globally scrambled final month to speed up shipments earlier than the duties kicked in. Tech big Apple, as an example, flew a number of last-minute consignments of iPhones to the US earlier than the tariffs had been resulting from take impact.
Official information confirmed that India’s exports to the US in March stood at $10.14 billion, up 35.06 per cent from $7.51 billion in March 2024. For the total monetary 12 months (April 2024 to March 2025), exports to the US totalled $86.51 billion — a rise of 11.59 per cent in comparison with $77.52 billion throughout the identical interval within the earlier 12 months.
In the meantime, items imports from the US additionally rose to $3.70 billion in March 2025, 9.63 per cent larger than in March 2024. Over the identical monetary 12 months, imports rose 7.44 per cent to $45.53 billion, in comparison with $42.13 billion in 2023–24.
The info additional confirmed that India’s whole items and companies exports in 2024–25 reached a report $820.93 billion, up 5.50 per cent from $778.13 billion within the earlier monetary 12 months. Companies exports rose by 12.45 per cent to $383.51 billion, whereas items exports noticed marginal progress of 0.08 per cent, reaching $437.42 billion.
Simply hours earlier than the April 2 deadline, US President Donald Trump introduced a 90-day pause, stating that 75 nations had approached the US in search of to signal commerce agreements. Nevertheless, Trump concurrently raised tariffs on China to 145 per cent.
India and the US are at present negotiating a bilateral commerce settlement geared toward greater than doubling commerce — from the present $191 billion to $500 billion by 2030. The primary part of the deal is predicted to be concluded by autumn (September–October) this 12 months.
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