Sun Jan 26 10:16:14 UTC 2025: ## India’s Exports Surge, Fueled by US Demand Amidst Potential Trade War
**New Delhi, January 26, 2025** – India’s exports experienced robust growth during the first nine months of the current fiscal year (April-December 2024-25), rising by 5.57% to $59.93 billion, driven primarily by strong demand in the American market. December alone saw an 8.49% increase in shipments, reaching $7 billion.
While imports also increased by 1.91% to $33.4 billion over the same period, and 9.88% to $3.77 billion in December, the overall trade balance remains positive. Bilateral trade between India and the U.S. during April-December 2024-25 reached $93.4 billion, slightly less than the $94.6 billion recorded with China.
Experts predict continued growth in India-US trade, particularly given the potential for a trade war between the US and China, which could significantly benefit Indian exporters. The US is India’s largest trading partner, accounting for approximately 18% of India’s total goods exports, over 6% of its imports, and 11% of its bilateral trade.
However, concerns remain regarding potential future tariffs. Experts have cautioned that the threat of additional duties on Indian goods, previously hinted at by former US President Donald Trump, could negatively impact trade relations. In response to Trump’s previous imposition of tariffs on Indian steel and aluminum, India retaliated in 2018 by increasing tariffs on 29 US products. Ajay Srivastava, founder of the Global Trade Research Initiative (GTRI), urged India to respond firmly to any future retaliatory measures.
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