Economists: India's Nov 2025 Exports Resilient, Trade Deficit Narrows

• India's external trade improved in November 2025, with exports rebounding and the merchandise trade deficit narrowing to a five-month low of US$24.5 billion.
• Exports to the US recovered to $7.0 billion in November despite 50% tariffs, indicating exporter adaptation and resilience.
• Engineering goods exports grew 4.25% year-on-year in April-November, reaching US$79.74 billion, showing resilience despite punitive tariffs.
• Key drivers of merchandise export growth in November 2025 included iron ore (70%), cashew (57%), oil meals (40%), electronic goods (38%), and coffee (34%).
• Government efforts like the Export Promotion Mission and deeper regional engagement are expected to sustain India's export growth trajectory.

Why It Matters: India's export resilience despite tariffs shows its adaptability in global trade.