India's Exports Surge in December Amidst Global Recession Fears

• India's merchandise exports rose by 1.87% to $38.5 billion in December 2025, despite global uncertainties.
• Total exports for April-December 2025-26 reached $330.29 billion, marking a 2.44% growth.
• Imports increased to $63.55 billion in December 2025, leading to a trade deficit of $25 billion, driven by crude oil and electronics.
• Commerce Secretary Rajesh Agrawal projects total goods and services exports to exceed $850 billion by end of FY 2025-26.
• Smartphone exports, boosted by the PLI scheme, hit nearly $30 billion in 2025, with Apple iPhones accounting for 75% of total smartphone exports over five years.

Why It Matters: India's exports show robust growth, particularly in smartphones, signaling economic resilience despite global challenges.