Exports hold firm amid global headwinds: Govt
NEW DELHI, March 17 -- India's merchandise exports are holding their ground despite global headwinds, commerce secretary Rajesh Agrawal said on Monday, adding that India and the US are continuing to work towards a mutually beneficial trade deal. But with the US Supreme Court scrapping earlier this year the retaliatory tariffs levied by President Donald Trump in 2025, the two countries will sign a new deal only after the US puts in place a new architecture of tariffs, a person familiar with the matter added.
Goods exports seeing a 1.84% annualised growth to $402.93 billion in the first 11 months of FY26, in spite of a marginal 0.8% fall in February shipments to $36.61 billion, data shows.
To be sure, the data pre-dates the ongoing crisis in ...
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