NEW DELHI — India’s exports, which dipped about 12 percent in October, registered a strong rebound in November, Union Commerce and Industry Minister Piyush Goyal said on Thursday.
Goyal did not reveal specific figures, noting that the Commerce Ministry will release the full export and import data for November on December 15. However, he said the recovery was significant enough to offset last month’s decline.
“Merchandise exports are also on a strong wicket. Merchandise exports went down in October. Incidentally, exports in November have gone up by a greater amount than what went down in October. If I aggregate October and November, there is growth in merchandise exports despite the global turmoil,” Goyal told reporters.
The minister said India is pursuing deeper trade integration and that the country “will hear a lot more about our own successful engagements with many of our trading countries” in the coming months.
Goyal said the broader economic outlook remains resilient. “The GDP growth is at 8.2 per cent in Q2, beating all estimates. We have seen the lowest-ever inflation in the last few months. Foreign exchange reserves continue to be strong,” he said.
He added that capital inflows, infrastructure investment, consumer spending, and other key economic drivers have shown “a great deal of positivity.”
Despite tariff-related pressures affecting shipments to the United States, total merchandise and services exports rose 5 to 6 percent in the July–September quarter, supported by export diversification and strong policy measures.
India is currently negotiating free trade agreements with several partners, including the US, European Union, New Zealand, Oman, Chile, and Peru.
From April to September in FY26, India’s total merchandise exports rose 2.9 percent to $220 billion. Shipments to the US increased 13 percent to $45 billion, even with front-loading effects and a declining US share of exports since July 2025. (Source: IANS)
