Armenia has become the first international customer to acquire multiple batteries of India’s indigenous Akash air defence system. The reported $720 million deal, signed in 2022, marks a major milestone for India’s defence exports and expands the Akash system’s presence beyond the country.

Armenia aquired multiple batteries of Akash air-defence system

India’s manufacturing sector is growing rapidly, but that growth is creating an unexpected problem: the country is importing even more goods needed to make products at home.


India’s manufacturing boom widens trade gap 

India’s merchandise exports jumped 19.63% year-on-year to $44.24 billion in July, led by strong growth in petroleum products, electronics, engineering and marine goods. However, higher imports pushed the trade deficit to a six-month high of $31.98 billion, highlighting India’s rising manufacturing strength alongside continued dependence on imported energy and industrial inputs.

Decoded: why India's imports are surging despite exports boom

Ukraine’s steel industry is facing a new challenge, this time from its biggest export market, the European Union. The sector has survived years of Russian attacks, but new EU import quotas and carbon tariffs are now putting further pressure on steelmakers. At the Zaporizhstal plant, workers are already considering major changes to production.

Ukraine steel industry faces new EU curbs

#Gravitas India's defence exports have surged by more than 62 percent, reaching a record Rs 38,424 crore or around 4.11 billion U.S. Dollars in the 2025-26 financial year. A sharp jump of Rs 14,802 crore or 1.58 billion U.S. dollars compared to last year’s fiscal.


India's Defence Exports Surge 62% to $4.1 Billion

The United States continues to lead global arms exports, accounting for 43% of total shipments worldwide. This dominance underscores Washington’s influence on global military trade, shaping geopolitical dynamics and security strategies.

U.S. Dominates Global Arms Market, Accounts for 43% of Worldwide Exports | WION

On Day Three of the India AI Summit in New Delhi, Deepak Sharma, MD, CEO and Zone President, Greater India at Schneider Electric, highlighted a critical but often overlooked pillar of the AI revolution: energy stability. As AI-driven data centres expand at unprecedented speed, their electricity consumption is rising dramatically. Globally, large AI data centres can consume as much power as small cities, and demand is projected to grow sharply over the next decade.


India Is an Exporter of Both Tech and Talent

U.S. exports are flashing warning signs as outbound shipments fall to their lowest level in three years. According to officials at the Port of Los Angeles, the nation’s busiest seaport, exports have dropped by 8%, with trade to China experiencing one of the sharpest declines.


8% Drop in US Exports Marks Lowest Level in 3 Years 

Finance Minister Nirmala Sitharaman's ninth budget is promising to integrate India into the global supply chain. It projects export as the 4th engine. Last year's budget reduced the number of basic customs duty slabs to eight by merging several rates. Many products were subjected to several lobbies such as cess, the social welfare surcharge (SWS), and the agriculture infrastructure and development cess (AIDC). This year's budget has only one cess or surcharge per item, the social welfare surcharge removed from 82 tariff lines.Also Read: <a href="https://www.wionews.com/india-news/old-vs-new-tax-regime-which-income-tax-system-is-better-budget-2026-1769922262244">Union Budget 2026: Old tax regime vs new tax regime, which is better for taxpayers?</a><h2>Import duty relief</h2>Zero import duty on items such as critical minerals, lithium, cobalt, lead, zinc etc, specifically EV and mobile battery manufacturing goods, shipbuilding inputs, textile machinery, electronic componenets, input parts of PCBA, camera module, connectors and inputs or raw materials for use in manufacture of wired headset, microphone and receiver, USB cable, fingerprint reader/ sensor of cellular mobile phone, specified inputs/parts (chip on film, PCBA, glass board substrate cell) for use in manufacture of open cells of TV panels of LED/LCD TV, ground installation for satellites including its spares and consumables, goods used in the building of launch vehicles and launching of satellites, wet blue leather, shuttle less loom rapier looms and shuttle less loom Air jet Looms, 17 essential drugs or medicines. Significant import duty has been slashed in major items such as aquafarming and marine exports, chemicals for food and drinks, precious metals, some IT and electronic parts, motorcycle engines, etc. &nbsp;Other relaxations include extension of the time limit to duty-free inputs, from six months to one year, with a further three-month extension available if required. Additional inputs have been added to the duty-free list to support handicraft exporters.&nbsp;Also Read: <a href="http://wionews.com/photos/union-budget-2026-what-gets-cheaper-and-what-becomes-costlier-1769919522225/1769919522226">Union Budget 2026: What gets cheaper and what becomes costlier</a><h2>Supply chain integration</h2>The Union Government is pushing a digital platform Bharat Trade Net for international trade, one platform for all, logistics, financing and compliance. A big push for export credit, cross-border factoring, and MSMEs to deal with no tariff barrier in the foreign market. There is targeted support for specific sectors that have potential for supply chain integration, such as IT, Electronics, and Textiles. There is also an export promotion mission to be jointly led by MSME, Commerce and Finance, aimed at improving access to credit, helping Indian MSMEs in navigating the international market. To further reduce uncertainty for traders, the Budget introduced a two-year time limit, extendable by one year, for finalising provisional customs assessments. These measures point towards a greater emphasis on easing compliance and making institutional credit and logistical support available to traders in the volatile international markets. &nbsp;

Budget 2026 positions exports as India’s fourth growth engine, cuts import duties, removes SWS on 82 items, and launches Bharat Trade Net to boost global trade.

Finance Minister Nirmala Sitharaman's ninth budget is promising to integrate India into the global supply chain. It projects export as the 4th engine. Last year's budget reduced the number of basic customs duty slabs to eight by merging several rates. Many products were subjected to several lobbies such as cess, the social welfare surcharge (SWS), and the agriculture infrastructure and development cess (AIDC). This year's budget has only one cess or surcharge per item, the social welfare surcharge removed from 82 tariff lines. Also Read: Union Budget 2026: Old tax regime vs new tax regime, which is better for taxpayers? Import duty relief Zero import duty on items such as critical minerals, lithium, cobalt, lead, zinc etc, specifically EV and mobile battery manufacturing goods, shipbuilding inputs, textile machinery, electronic componenets, input parts of PCBA, camera module, connectors and inputs or raw materials for use in manufacture of wired headset, microphone and receiver, USB cable, fingerprint reader/ sensor of cellular mobile phone, specified inputs/parts (chip on film, PCBA, glass board substrate cell) for use in manufacture of open cells of TV panels of LED/LCD TV, ground installation for satellites including its spares and consumables, goods used in the building of launch vehicles and launching of satellites, wet blue leather, shuttle less loom rapier looms and shuttle less loom Air jet Looms, 17 essential drugs or medicines. Significant import duty has been slashed in major items such as aquafarming and marine exports, chemicals for food and drinks, precious metals, some IT and electronic parts, motorcycle engines, etc. Other relaxations include extension of the time limit to duty-free inputs, from six months to one year, with a further three-month extension available if required. Additional inputs have been added to the duty-free list to support handicraft exporters. Also Read: Union Budget 2026: What gets cheaper and what becomes costlier Supply chain integration The Union Government is pushing a digital platform Bharat Trade Net for international trade, one platform for all, logistics, financing and compliance. A big push for export credit, cross-border factoring, and MSMEs to deal with no tariff barrier in the foreign market. There is targeted support for specific sectors that have potential for supply chain integration, such as IT, Electronics, and Textiles. There is also an export promotion mission to be jointly led by MSME, Commerce and Finance, aimed at improving access to credit, helping Indian MSMEs in navigating the international market. To further reduce uncertainty for traders, the Budget introduced a two-year time limit, extendable by one year, for finalising provisional customs assessments. These measures point towards a greater emphasis on easing compliance and making institutional credit and logistical support available to traders in the volatile international markets.

Budget 2026 positions exports as India’s fourth growth engine, cuts import duties, removes SWS on 82 items, and launches Bharat Trade Net to boost global trade.

Union Budget 2026: Export as the 4th engine, eases customs for global supply chain integration

The entire world relies on China for rare earths. President Trump's trade was this year has clearly shown that. Beijing is dominant in the processing of rare earth minerals, controlling over 70 percent of the global supply chains. China has used its critical minerals dominance to its advantage in responding to the trade war initiated by Trump.

China's Export Curbs Spark Global Shortages

Textile factories in Bhiwandi are facing major slowdowns as U.S. tariffs and export cuts take a toll on production and jobs. Once a bustling hub for textile manufacturing, the region now struggles with declining orders and economic uncertainty.


India: Textile exports to US worth $10.9 billion under threat

The gems and jewellry industry, one of India's most labour-intensive export sectors is facing its toughest test yet. With the US Imposing a 50% tariff on indian jewellery exports, including imitation jewellery. Exporters are scrambling to adapt. Our next report tells more about how India's jewellery sector is coping and where it goes from here.



India's Imitation Jewellery Exporters Face Liquidity & Job Risks | WION

Indian exporters are increasingly looking to leverage their manufacturing bases in Africa to bypass steep U.S. tariffs imposed by the Trump administration. The move could help preserve trade volumes while deepening India-Africa economic ties amid shifting global trade dynamics.

India-Africa trade ties: Exporters to use their factories in Africa to shield from Trump tariffs

Indian textile exporters are reeling from Washington’s decision to double tariffs on Indian goods, now reaching as high as 50 percent. Exporters call the move a shock, but also a turning point for India’s trade strategy.

Indian exporters ‘shocked’ by U.S. Tariff blow

China’s exports to Africa are booming as U.S. tariffs drive African nations to look elsewhere. With countries like Nigeria, South Africa, and Egypt leading the charge, Chinese products — especially construction machinery — have seen massive growth. In just the first seven months of the year, construction equipment exports surged 63% year-on-year, highlighting China’s deepening trade ties with the continent amid shifting global economic dynamics.

Trump's tariffs push China to African markets 

South Korea’s exports declined in May for the first time in four months, signalling early damage from escalating trade tensions driven by US President Donald Trump’s aggressive tariff agenda.&nbsp;&nbsp;The slowdown in shipments to both the United States and China, South Korea’s two largest trading partners reflects the widening ripple effects of the ongoing global trade conflict. &nbsp;According to Reuters, exports from Asia’s fourth-largest economy fell 1.3 per cent year-on-year in May to $57.27 billion, with trade officials warning that ongoing tariff disputes are disrupting demand for key South Korean goods.&nbsp;&nbsp;The latest decline, though smaller than the 2.7 per cent drop forecast in a Reuters poll, marks the first contraction since January.<h2>What does the data say&nbsp;</h2>According to data released by South Korea’s Ministry of Trade, Industry and Energy on Sunday showed that exports to the United States dropped 8.1 per cent, while shipments to China fell 8.4 per cent.&nbsp;&nbsp;These two nations collectively account for more than 35 per cent of South Korea’s total exports, underscoring the deep exposure of its economy to external demand from both Washington and Beijing, as per Reuters.&nbsp;&nbsp;According to Reuters, despite the broader decline, semiconductor exports reportedly surged 21.2 per cent, buoyed by resilient demand for advanced memory chips.&nbsp;&nbsp;However, car exports fell 4.4 per cent, partly due to tariffs imposed by the US and transitional delays at Hyundai Motor’s new factory in Georgia, according to the trade ministry, reported by Reuters.&nbsp; On the other hand, exports to the European Union rose 4 per cent, and shipments to Taiwan soared 49.6 per cent, offsetting some of the drag from the US and China. Meanwhile, imports dropped 5.3 per cent to $50.33 billion, resulting in a trade surplus of $6.94 billion, the largest since June 2024.&nbsp;“Declines in exports to both the United States and China, the two biggest markets, suggest US tariff measures are having an impact on the global economy as well as our exports,” said South Korean Industry and Trade Minister Ahn Duk-geun, as quoted by Reuters.<h2>US-South Korea trade ties hit turbulence</h2>South Korea’s reliance on US trade has become more vulnerable under Trump’s “America First” trade doctrine. Since early 2025, the US administration has imposed reciprocal tariffs, including 25 per cent duties on South Korean steel and aluminium, though they are currently under a 90-day negotiation pause.&nbsp;&nbsp;Trump recently threatened to double global tariffs on these metals to 50 per cent, sparking renewed concerns in Seoul.&nbsp;According to Reuters, the recent US-China trade truce in mid-May had offered some hope of easing pressure. But President Trump’s accusation that China had violated the agreement has thrown the ceasefire into question.&nbsp;&nbsp;The re-escalation threatens to deepen export volatility for South Korea, whose tech-driven economy depends heavily on trade flows across the Pacific.&nbsp;South Korea is often viewed as a bellwether for global trade, given its strong manufacturing and export-oriented base.&nbsp;&nbsp;With US tariffs biting into car and industrial shipments, South Korea faces a dual challenge balancing geopolitical ties with Washington while defending its economic interests.

South Korea two biggest trading partners, the US and China, saw a 1.3% YoY decline in exports to $57.27 billion.

South Korea’s exports declined in May for the first time in four months, signalling early damage from escalating trade tensions driven by US President Donald Trump’s aggressive tariff agenda. The slowdown in shipments to both the United States and China, South Korea’s two largest trading partners reflects the widening ripple effects of the ongoing global trade conflict. According to Reuters, exports from Asia’s fourth-largest economy fell 1.3 per cent year-on-year in May to $57.27 billion, with trade officials warning that ongoing tariff disputes are disrupting demand for key South Korean goods. The latest decline, though smaller than the 2.7 per cent drop forecast in a Reuters poll, marks the first contraction since January. What does the data say According to data released by South Korea’s Ministry of Trade, Industry and Energy on Sunday showed that exports to the United States dropped 8.1 per cent, while shipments to China fell 8.4 per cent. These two nations collectively account for more than 35 per cent of South Korea’s total exports, underscoring the deep exposure of its economy to external demand from both Washington and Beijing, as per Reuters. According to Reuters, despite the broader decline, semiconductor exports reportedly surged 21.2 per cent, buoyed by resilient demand for advanced memory chips. However, car exports fell 4.4 per cent, partly due to tariffs imposed by the US and transitional delays at Hyundai Motor’s new factory in Georgia, according to the trade ministry, reported by Reuters. On the other hand, exports to the European Union rose 4 per cent, and shipments to Taiwan soared 49.6 per cent, offsetting some of the drag from the US and China. Meanwhile, imports dropped 5.3 per cent to $50.33 billion, resulting in a trade surplus of $6.94 billion, the largest since June 2024. “Declines in exports to both the United States and China, the two biggest markets, suggest US tariff measures are having an impact on the global economy as well as our exports,” said South Korean Industry and Trade Minister Ahn Duk-geun, as quoted by Reuters. US-South Korea trade ties hit turbulence South Korea’s reliance on US trade has become more vulnerable under Trump’s “America First” trade doctrine. Since early 2025, the US administration has imposed reciprocal tariffs, including 25 per cent duties on South Korean steel and aluminium, though they are currently under a 90-day negotiation pause. Trump recently threatened to double global tariffs on these metals to 50 per cent, sparking renewed concerns in Seoul. According to Reuters, the recent US-China trade truce in mid-May had offered some hope of easing pressure. But President Trump’s accusation that China had violated the agreement has thrown the ceasefire into question. The re-escalation threatens to deepen export volatility for South Korea, whose tech-driven economy depends heavily on trade flows across the Pacific. South Korea is often viewed as a bellwether for global trade, given its strong manufacturing and export-oriented base. With US tariffs biting into car and industrial shipments, South Korea faces a dual challenge balancing geopolitical ties with Washington while defending its economic interests.

For the first time in four months, South Korea's exports declined in May, a sign of the harm caused by rising trade tensions brought on by US President Donald Trump's aggressive tariff policy.&nbsp;

South Korea’s exports dip as Trump tariffs squeeze trade with US and China

India's diamond exports have taken a sharp dive. After years of strong growth, the country is now facing its biggest setback in nearly two decades. Exports of cut and polished diamonds have fallen drastically. . . Hitting a low of 13. 3 billion dollars in the 2024-25 fiscal year.

Indian diamond exports plunge 16% in FY25

What will it take for <a href="https://www.wionews.com/business-economy/indias-exports-set-to-hit-450-billion-despite-red-sea-crisis-fieo-president-optimistic-702138" rel="dofollow">India to hit its export goals</a>? Can new government strategies and policies really help meet the growing needs of the global market? These are key questions as <a href="https://www.wionews.com/business-economy/indias-exports-defy-global-headwinds-reaching-new-shores-in-africa-latin-america-central-asia-694291" rel="dofollow">India aims</a> for ambitious export targets in the coming years &mdash; aiming for US$ 2 trillion in exports by 2030.
India&rsquo;s economy has shown steady growth, shifting from an agriculture-driven economy to one powered by industry and services. Today, exports play a major role, contributing over 21% to India&rsquo;s GDP in 2023. The big question is whether current policies can support even higher export numbers while meeting global demand.
<h2>India&rsquo;s export targets are focused on US$ 2 trillion by 2030</h2>
India&rsquo;s export targets are focused on reaching US$ 2 trillion by 2030. This target reflects not only economic growth but also India&rsquo;s desire to strengthen its role in global trade. In 2023, exports of goods and services made up nearly 22% of India&rsquo;s GDP, a large jump from 13% in 2000.
To reach this goal, India depends on both policy changes and sector-specific strategies. New export targets are supported by major programs like Make in India, Atmanirbhar Bharat, and Production Linked Incentive (PLI) schemes. These programs aim to grow industries, create jobs, and reduce dependence on imports.
<h2>Government policies play a big role in export growth</h2>
Government policies play a big role in export growth. The Make in India program, launched in 2014, focuses on turning India into a global manufacturing hub. Since its start, the manufacturing sector has seen increased investment and is expected to contribute 25% to India&rsquo;s GDP by 2025.
The Atmanirbhar Bharat initiative, introduced in 2020, also aims to boost local manufacturing and exports. This program includes financial support for key sectors like electronics, pharmaceuticals, and automobiles, with around US$ 27 billion allocated between 2020 and 2025. The goal is to make India more self-reliant while improving its position in global markets.
<h2>Production Linked Incentive schemes are designed to encourage exports</h2>
Production Linked Incentive schemes are designed to encourage exports by rewarding companies based on their output and export performance. In 2021, India&rsquo;s government allocated nearly US$ 24 billion across 13 sectors under the PLI program. The key areas include electronics, pharmaceuticals, and automobiles, all major contributors to India&rsquo;s export numbers.
For example, the electronics sector alone is expected to generate US$ 100 billion in exports by 2025. In the pharmaceutical sector, the focus is on high-value drugs and key ingredients. These incentives not only boost production but also make Indian goods more competitive worldwide.
<h2>Infrastructure development supports export expansion</h2>
Infrastructure development supports export expansion by improving transportation and logistics systems. India has invested heavily in port modernization, logistics parks, and inland waterways. Programs like the Sagarmala Project, with a US$ 123 billion investment, focus on making ports more efficient and better connected to manufacturing hubs.
To reduce shipping costs and delivery times, 35 multi-modal logistics parks have been developed. Investments of about US$ 2 billion are being made in waterways, and over US$ 1 billion in cold chain infrastructure for perishable goods. Better infrastructure ensures that goods can reach international markets faster and at lower costs.
<h2>Special Economic Zones (SEZs) boost export numbers</h2>
Special Economic Zones (SEZs) boost export numbers by offering tax benefits, easier regulations, and reliable infrastructure. SEZs have grown to contribute around 38% of India&rsquo;s total exports in 2023, up from 30% in 2018. These zones provide tax exemptions on export income, reduced bureaucracy, and improved facilities for businesses.
Between 2017 and 2023, exports from SEZs grew from US$ 90 billion to nearly US$ 164 billion. Major export destinations include the US, UAE, Australia, and the UK. SEZs continue to be a strong driver of export growth, especially in sectors like IT, manufacturing, and pharmaceuticals.
<h2>Digital infrastructure improves trade efficiency</h2>
Digital infrastructure improves trade efficiency by streamlining processes and reducing paperwork. Platforms like the Indian Customs Electronic Gateway and Directorate General of Foreign Trade (DGFT) portal allow exporters to access customs services and trade data easily. These tools simplify procedures and save businesses time.
Another focus is blockchain technology, which helps verify transactions, <a href="https://shipsgo.com/" rel="dofollow">track goods in real time</a>, and prevent fraud. For industries like pharmaceuticals and agriculture, where product authenticity matters, blockchain can play a major role. Using secure technology is becoming a priority not only in large systems but also at the individual business level.&nbsp;
Many businesses and exporters are now turning to <a href="https://www.expressvpn.com/vpn-download/vpn-windows" rel="dofollow">tools like VPN for PC</a> to protect sensitive trade data and secure communication channels. VPNs help safeguard financial transactions and confidential export information, especially when companies operate across multiple global markets. By making trade faster, safer, and more transparent, these digital upgrades support export growth.
<h2>India&rsquo;s service sector is a key part of export strategy</h2>
India&rsquo;s service sector is a key part of its export strategy, contributing almost 50% of the country&rsquo;s GDP. In FY2022-2023, service exports reached a record US$ 323 billion, with strong growth continuing in 2024. While IT services lead, other sectors like consulting, finance, and education are growing quickly.
India is also a top location for global capability centers (GCCs), which are expected to reach over 1,900 by 2025. This presents opportunities beyond IT, as companies increasingly invest in financial services, engineering, and <a href="https://www.etsy.com/market/digital_products" rel="dofollow">digital products</a>. The government&rsquo;s focus on skilling the workforce is helping to support this expansion.
<h2>Meeting global demand depends on steady reforms and investments</h2>
Meeting global demand depends on steady reforms and investments across key sectors. India&rsquo;s government is working to improve access to finance for MSMEs, expand trade agreements, and modernise customs processes. Export targets can only be reached if production scales up, supply chains run smoothly, and businesses remain competitive.
While challenges like market concentration and compliance costs remain, policies in place today are setting a strong foundation. India&rsquo;s ability to meet global demand will rely on balancing policy initiatives, infrastructure investments, and sectoral growth.
Disclaimer: The above mentioned article is a paid publication and does not have journalistic/editorial involvement of WION, and WION claims no responsibility whatsoever.

India news, business & economy : India’s economy has shown steady growth, shifting from an agriculture-driven economy to one powered by industry and services.

What will it take for India to hit its export goals? Can new government strategies and policies really help meet the growing needs of the global market? These are key questions as India aims for ambitious export targets in the coming years — aiming for US$ 2 trillion in exports by 2030. India’s economy has shown steady growth, shifting from an agriculture-driven economy to one powered by industry and services. Today, exports play a major role, contributing over 21% to India’s GDP in 2023. The big question is whether current policies can support even higher export numbers while meeting global demand. India’s export targets are focused on US$ 2 trillion by 2030 India’s export targets are focused on reaching US$ 2 trillion by 2030. This target reflects not only economic growth but also India’s desire to strengthen its role in global trade. In 2023, exports of goods and services made up nearly 22% of India’s GDP, a large jump from 13% in 2000. To reach this goal, India depends on both policy changes and sector-specific strategies. New export targets are supported by major programs like Make in India, Atmanirbhar Bharat, and Production Linked Incentive (PLI) schemes. These programs aim to grow industries, create jobs, and reduce dependence on imports. Government policies play a big role in export growth Government policies play a big role in export growth. The Make in India program, launched in 2014, focuses on turning India into a global manufacturing hub. Since its start, the manufacturing sector has seen increased investment and is expected to contribute 25% to India’s GDP by 2025. The Atmanirbhar Bharat initiative, introduced in 2020, also aims to boost local manufacturing and exports. This program includes financial support for key sectors like electronics, pharmaceuticals, and automobiles, with around US$ 27 billion allocated between 2020 and 2025. The goal is to make India more self-reliant while improving its position in global markets. Production Linked Incentive schemes are designed to encourage exports Production Linked Incentive schemes are designed to encourage exports by rewarding companies based on their output and export performance. In 2021, India’s government allocated nearly US$ 24 billion across 13 sectors under the PLI program. The key areas include electronics, pharmaceuticals, and automobiles, all major contributors to India’s export numbers. For example, the electronics sector alone is expected to generate US$ 100 billion in exports by 2025. In the pharmaceutical sector, the focus is on high-value drugs and key ingredients. These incentives not only boost production but also make Indian goods more competitive worldwide. Infrastructure development supports export expansion Infrastructure development supports export expansion by improving transportation and logistics systems. India has invested heavily in port modernization, logistics parks, and inland waterways. Programs like the Sagarmala Project, with a US$ 123 billion investment, focus on making ports more efficient and better connected to manufacturing hubs. To reduce shipping costs and delivery times, 35 multi-modal logistics parks have been developed. Investments of about US$ 2 billion are being made in waterways, and over US$ 1 billion in cold chain infrastructure for perishable goods. Better infrastructure ensures that goods can reach international markets faster and at lower costs. Special Economic Zones (SEZs) boost export numbers Special Economic Zones (SEZs) boost export numbers by offering tax benefits, easier regulations, and reliable infrastructure. SEZs have grown to contribute around 38% of India’s total exports in 2023, up from 30% in 2018. These zones provide tax exemptions on export income, reduced bureaucracy, and improved facilities for businesses. Between 2017 and 2023, exports from SEZs grew from US$ 90 billion to nearly US$ 164 billion. Major export destinations include the US, UAE, Australia, and the UK. SEZs continue to be a strong driver of export growth, especially in sectors like IT, manufacturing, and pharmaceuticals. Digital infrastructure improves trade efficiency Digital infrastructure improves trade efficiency by streamlining processes and reducing paperwork. Platforms like the Indian Customs Electronic Gateway and Directorate General of Foreign Trade (DGFT) portal allow exporters to access customs services and trade data easily. These tools simplify procedures and save businesses time. Another focus is blockchain technology, which helps verify transactions, track goods in real time, and prevent fraud. For industries like pharmaceuticals and agriculture, where product authenticity matters, blockchain can play a major role. Using secure technology is becoming a priority not only in large systems but also at the individual business level. Many businesses and exporters are now turning to tools like VPN for PC to protect sensitive trade data and secure communication channels. VPNs help safeguard financial transactions and confidential export information, especially when companies operate across multiple global markets. By making trade faster, safer, and more transparent, these digital upgrades support export growth. India’s service sector is a key part of export strategy India’s service sector is a key part of its export strategy, contributing almost 50% of the country’s GDP. In FY2022-2023, service exports reached a record US$ 323 billion, with strong growth continuing in 2024. While IT services lead, other sectors like consulting, finance, and education are growing quickly. India is also a top location for global capability centers (GCCs), which are expected to reach over 1,900 by 2025. This presents opportunities beyond IT, as companies increasingly invest in financial services, engineering, and digital products. The government’s focus on skilling the workforce is helping to support this expansion. Meeting global demand depends on steady reforms and investments Meeting global demand depends on steady reforms and investments across key sectors. India’s government is working to improve access to finance for MSMEs, expand trade agreements, and modernise customs processes. Export targets can only be reached if production scales up, supply chains run smoothly, and businesses remain competitive. While challenges like market concentration and compliance costs remain, policies in place today are setting a strong foundation. India’s ability to meet global demand will rely on balancing policy initiatives, infrastructure investments, and sectoral growth. Disclaimer: The above mentioned article is a paid publication and does not have journalistic/editorial involvement of WION, and WION claims no responsibility whatsoever.

India’s export targets: Can new policies meet global demand?

Finance Minister Nirmala Sitharaman on Saturday (Feb 1) announced that the government will support the domestic electronic equipment industry to leverage Industry 4.0 opportunities for the benefit of youth.
In her budgetary speech, Sitharaman said that the national framework will be formulated as guidance to states for promoting Global Capability Centres in emerging tier-2 cities.
Also read | <a href="https://www.wionews.com/india-news/union-budget-2025-fm-sitharaman-to-introduce-new-income-tax-bill-next-week-8680495">Union Budget 2025: FM Sitharaman to introduce new income tax bill next week</a>
<h2 dir="ltr">Export Promotion Mission to be set up&nbsp;</h2>
The export Promotion Mission will be set up to improve export credit, cross-border factoring support, and support to MSMEs to tackle non-tariff measures in overseas markets.
The Finance Minister who presented her eighth Union Budget announced that BharatTradeNet&rsquo; (BTN), a Unified platform for trade documentation and financing solutions, will be set up as a digital public infrastructure for international trade.
Also read | <a href="https://www.wionews.com/india-news/india-union-budget-2025-finance-minister-announces-new-classification-criteria-for-msmes-8680260">India Union Budget 2025: Finance Minister announces new classification criteria for MSMEs</a>
<h2 dir="ltr">Period for handicrafts exports to be extended</h2>
She said that the period for handicrafts exports will be extended from six months to one year, further extendable by another three months. Wet Blue leather will be fully exempted from Basic Customs Duty (BCD).
The Basic Customs Duty on Frozen Fish Paste (Surimi) will be reduced from 30 per cent to 5 per cent for the manufacture and export of its analogue products.&nbsp;
Additionally, the time limit for export of foreign origin goods that were imported for repairs of railway goods will be extended from 6 months to one year, further extendable by one year.
(With inputs from agencies)

Finance Minister Nirmala Sitharaman unveils plans to boost India's electronic equipment sector, focusing on harnessing Industry for empowering the youth.

Finance Minister Nirmala Sitharaman on Saturday (Feb 1) announced that the government will support the domestic electronic equipment industry to leverage Industry 4.0 opportunities for the benefit of youth. In her budgetary speech, Sitharaman said that the national framework will be formulated as guidance to states for promoting Global Capability Centres in emerging tier-2 cities. Also read | Union Budget 2025: FM Sitharaman to introduce new income tax bill next week Export Promotion Mission to be set up The export Promotion Mission will be set up to improve export credit, cross-border factoring support, and support to MSMEs to tackle non-tariff measures in overseas markets. The Finance Minister who presented her eighth Union Budget announced that BharatTradeNet’ (BTN), a Unified platform for trade documentation and financing solutions, will be set up as a digital public infrastructure for international trade. Also read | India Union Budget 2025: Finance Minister announces new classification criteria for MSMEs Period for handicrafts exports to be extended She said that the period for handicrafts exports will be extended from six months to one year, further extendable by another three months. Wet Blue leather will be fully exempted from Basic Customs Duty (BCD). The Basic Customs Duty on Frozen Fish Paste (Surimi) will be reduced from 30 per cent to 5 per cent for the manufacture and export of its analogue products. Additionally, the time limit for export of foreign origin goods that were imported for repairs of railway goods will be extended from 6 months to one year, further extendable by one year. (With inputs from agencies)

India Union Budget 2025: Govt to support domestic electronic equipment industry, FM Sitharaman

In recent years, India and the south American nation of Suriname have seen significant milestones in bilateral ties with high-profile Presidential visits... India has been exporting metals electrical equipment, pharma goods and much more... now, in a unique gesture to boost military ties, India is exporting military uniforms to Suriname... WION's Principal Correspondent Sidharth M.P spoke to an a Senior official from India's Ordnance Clothing Factory that is fulfilling the export...Watch in for more details!

India exports military uniforms to Suriname

New Delhi 

India has started a sector-wise analysis and is drawing multiple scenarios to cope with any possible increase in tariffs on Indian products in US President-elect Donald Trump's second term in the White House. 
"Ministries and departments are examining various scenarios, apprehending such a move by the US and possible remedies," said an Economic Times (ET) report on Thursday (Dec 19), citing a person familiar with the matter. 
Trump on Tuesday (Dec 17) said that the US will impose reciprocal tariffs on Indian products as India imposes high tariffs on American goods. 
An expert told ET that India will have to relook at some of the products on which tariffs could be tweaked to address the concerns of the US. 
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<h2>'They tax us, we tax them'</h2>
"If they tax us, we tax them the same amount," Trump told reporters at his Mar-a-Lago resort in Florida on Monday (Dec 16).
"The word reciprocal is important because if somebody charges us - India, we don't have to talk about our own - if India charges us 100 per cent, do we charge them nothing for the same? You know, they send in a bicycle, and we send them a bicycle. They charge us 100 and 200," he added. 
"India charges a lot. Brazil charges a lot. If they want to charge us, that's fine, but we're going to charge them the same thing," he further said. 
<h2>'The idea that...'</h2>
On November 30, Trump issued a stark warning to India and other BRICS nations, threatening them with a 100 per cent tariff if they continue to pursue other currencies to replace the US dollar for trade.
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BRICS is a group of economies like Brazil, Russia, India, China, and South Africa, alongside recent additions like Iran, Egypt, and the UAE.
"The idea that the BRICS countries are trying to move away from the Dollar while we stand by and watch is OVER, "Trump said. 
(With inputs from agencies)

"Ministries and departments are examining various scenarios, apprehending such a move by the US and possible remedies," said an Economic Times (ET) report on Thursday (Dec 19), citing a person familiar with the matter. 



New Delhi India has started a sector-wise analysis and is drawing multiple scenarios to cope with any possible increase in tariffs on Indian products in US President-elect Donald Trump's second term in the White House. "Ministries and departments are examining various scenarios, apprehending such a move by the US and possible remedies," said an Economic Times (ET) report on Thursday (Dec 19), citing a person familiar with the matter. Trump on Tuesday (Dec 17) said that the US will impose reciprocal tariffs on Indian products as India imposes high tariffs on American goods. An expert told ET that India will have to relook at some of the products on which tariffs could be tweaked to address the concerns of the US. Watch | Ukraine's Battle For Survival At Critical Crossroads 'They tax us, we tax them' "If they tax us, we tax them the same amount," Trump told reporters at his Mar-a-Lago resort in Florida on Monday (Dec 16). "The word reciprocal is important because if somebody charges us - India, we don't have to talk about our own - if India charges us 100 per cent, do we charge them nothing for the same? You know, they send in a bicycle, and we send them a bicycle. They charge us 100 and 200," he added. "India charges a lot. Brazil charges a lot. If they want to charge us, that's fine, but we're going to charge them the same thing," he further said. 'The idea that...' On November 30, Trump issued a stark warning to India and other BRICS nations, threatening them with a 100 per cent tariff if they continue to pursue other currencies to replace the US dollar for trade. Also read | Luigi Mangione, suspect in UnitedHealthcare CEO's murder, agrees to return to New York for trial BRICS is a group of economies like Brazil, Russia, India, China, and South Africa, alongside recent additions like Iran, Egypt, and the UAE. "The idea that the BRICS countries are trying to move away from the Dollar while we stand by and watch is OVER, "Trump said. (With inputs from agencies)

India preparing to tackle Trump's likely tariff on export goods: Report

India has started a sector-wise analysis and is drawing multiple scenarios to cope with any possible increase in tariffs on Indian products in US President-elect Donald Trump's second term in the White House.&nbsp;

"Ministries and departments are examining various scenarios, apprehending such a move by the US and possible remedies,"&nbsp;said an Economic Times (ET) report on Thursday (Dec 19), citing a person familiar with the matter.&nbsp;

Trump on Tuesday (Dec 17) said that the US will impose reciprocal tariffs on Indian products as India imposes high tariffs on American goods.&nbsp;

An expert told ET that India will have to relook at some of the products on which tariffs could be tweaked to address the concerns of the US.&nbsp;

Watch |&nbsp;Ukraine's Battle For Survival At Critical Crossroads

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<h2>'They tax us, we tax them'</h2>

"If they tax us, we tax them the same amount," Trump told reporters at his Mar-a-Lago resort in Florida on Monday (Dec 16).

"The word reciprocal is important because if somebody charges us - India, we don't have to talk about our own - if India charges us 100 per cent, do we charge them nothing for the same? You know, they send in a bicycle, and we send them a bicycle. They charge us 100 and 200," he added.&nbsp;

"India charges a lot. Brazil charges a lot. If they want to charge us, that's fine, but we're going to charge them the same thing," he further said.&nbsp;

<h2>'The idea that...'</h2>

On November 30, Trump issued a stark warning to India and other BRICS nations, threatening them with a 100 per cent tariff if they continue to pursue other currencies to replace the US dollar for trade.

Also read |&nbsp;<a href="https://www.wionews.com/world/luigi-mangione-suspect-in-unitedhealthcare-ceos-murder-agrees-to-return-to-new-york-for-trial-785373">Luigi Mangione, suspect in UnitedHealthcare CEO's murder, agrees to return to New York for trial</a>

BRICS is a group of economies like Brazil, Russia, India, China, and South Africa, alongside recent additions like Iran, Egypt, and the UAE.

"The idea that the BRICS countries are trying to move away from the Dollar while we stand by and watch is OVER, "Trump said.&nbsp;

(With inputs from agencies)

&nbsp;

India has started a sector-wise analysis and is drawing multiple scenarios to cope with any possible increase in tariffs on Indian products in US President-elect Donald Trump's second term in the White House.

India has started a sector-wise analysis and is drawing multiple scenarios to cope with any possible increase in tariffs on Indian products in US President-elect Donald Trump's second term in the White House. "Ministries and departments are examining various scenarios, apprehending such a move by the US and possible remedies," said an Economic Times (ET) report on Thursday (Dec 19), citing a person familiar with the matter. Trump on Tuesday (Dec 17) said that the US will impose reciprocal tariffs on Indian products as India imposes high tariffs on American goods. An expert told ET that India will have to relook at some of the products on which tariffs could be tweaked to address the concerns of the US. Watch | Ukraine's Battle For Survival At Critical Crossroads 'They tax us, we tax them' "If they tax us, we tax them the same amount," Trump told reporters at his Mar-a-Lago resort in Florida on Monday (Dec 16). "The word reciprocal is important because if somebody charges us - India, we don't have to talk about our own - if India charges us 100 per cent, do we charge them nothing for the same? You know, they send in a bicycle, and we send them a bicycle. They charge us 100 and 200," he added. "India charges a lot. Brazil charges a lot. If they want to charge us, that's fine, but we're going to charge them the same thing," he further said. 'The idea that...' On November 30, Trump issued a stark warning to India and other BRICS nations, threatening them with a 100 per cent tariff if they continue to pursue other currencies to replace the US dollar for trade. Also read | Luigi Mangione, suspect in UnitedHealthcare CEO's murder, agrees to return to New York for trial BRICS is a group of economies like Brazil, Russia, India, China, and South Africa, alongside recent additions like Iran, Egypt, and the UAE. "The idea that the BRICS countries are trying to move away from the Dollar while we stand by and watch is OVER, "Trump said. (With inputs from agencies)

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Indian Army was once heavily dependent on imports to meet annual ammunition requirements. It now no longer needs imports from the next financial year. Watch this video for all details.

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India has lifted export restrictions on specific quantities of essential commodities for the Maldives during the current fiscal year amid strained ties between two countries. Watch in for more details!

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In a first, India has exported defence products worth over Rupees 21,000 crore. India has successfully delivered BrahMos missile to the Philippines, India has also delivered two Dornier 228 jets to Guyana. Is this the start of India's defence boom?

Gravitas | BrahMos & Dorniers: India's record defence export

India’s defence exports grew 32.5% in the last fiscal. It crossed the ₹21,000-crore mark for the first time. The development comes as India seeks to boost its indigenous defence manufacturing ecosystem. Watch this video for all details.

India's defence exports soar to an all-time high of ₹21,000 crore

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Indian cars dominate global markets, Maruti Suzuki sets new export record

The United States has announced that the issuance of export licenses for civilian firearms and ammunition has been stopped for all non-governmental users for a period of 90 days. 
 
The announcement was made by the commerce department, citing foreign policy interests and national security. 
 
The commerce department failed to give any further details related to the halt, which also included optical sights and shotguns, but stated that an urgent review will assess the “risk of firearms being diverted to entities or activities that promote regional instability, violate human rights, or fuel criminal activities”. 
 
The commerce department refused to make any comment on the issue beyond the details shared on the website, The Guardian reported.

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Most of the guns and ammunition which can be bought in a US gun store were covered in the halt, stated Johanna Reeves, who is a lawyer and specialises in firearms and export controls with the law firm Reeves &amp; Dola in Washington DC. 
 
Reeves stated that the commerce department never took such a sweeping action similar to this one before, according to what she remembers. “For sure they have individual country policies – but nothing like this,” she said while speaking to The Guardian. 
 
The department has exempted export licenses for Israel and Ukraine, along with some other close allies, from the temporary halt in exports.

<h2>No effect on previously issued license</h2>

US companies which have been selling firearms include Sturm Ruger &amp; Co (RGR.N), Smith &amp; Wesson Brands (SWBI.O) and Vista Outdoor (VSTO.N). These companies are likely to be impacted by the export ban.

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The overseas customers include stores and distributors which sell firearms. However, the exporters can continue submitting license requests during the halt, but they will be “held without action” till the authorities lift the pause. 
 
The commerce department said that the pause will not have any effect on previously issued export licenses. The exporters for the shipments meant for government clients need to name specific end users, meanwhile, applications with police, military and unnamed government users will be “returned without action”.

(With inputs from agencies)

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The United States has announced that the issuance of export licenses for civilian firearms and ammunition has been stopped for all non-governmental users for a period of 90 days.

The United States has announced that the issuance of export licenses for civilian firearms and ammunition has been stopped for all non-governmental users for a period of 90 days. The announcement was made by the commerce department, citing foreign policy interests and national security. The commerce department failed to give any further details related to the halt, which also included optical sights and shotguns, but stated that an urgent review will assess the “risk of firearms being diverted to entities or activities that promote regional instability, violate human rights, or fuel criminal activities”. The commerce department refused to make any comment on the issue beyond the details shared on the website, The Guardian reported. ALSO READ | US: Police chases teenage thief, reaches Airbnb house with guns stashed in walls Most of the guns and ammunition which can be bought in a US gun store were covered in the halt, stated Johanna Reeves, who is a lawyer and specialises in firearms and export controls with the law firm Reeves & Dola in Washington DC. Reeves stated that the commerce department never took such a sweeping action similar to this one before, according to what she remembers. “For sure they have individual country policies – but nothing like this,” she said while speaking to The Guardian. The department has exempted export licenses for Israel and Ukraine, along with some other close allies, from the temporary halt in exports. No effect on previously issued license US companies which have been selling firearms include Sturm Ruger & Co (RGR.N), Smith & Wesson Brands (SWBI.O) and Vista Outdoor (VSTO.N). These companies are likely to be impacted by the export ban. Watch | US cardholders paid $130 bn in interest & fees in 2022: Report The overseas customers include stores and distributors which sell firearms. However, the exporters can continue submitting license requests during the halt, but they will be “held without action” till the authorities lift the pause. The commerce department said that the pause will not have any effect on previously issued export licenses. The exporters for the shipments meant for government clients need to name specific end users, meanwhile, applications with police, military and unnamed government users will be “returned without action”. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE

US stops issuance of export licenses for civilian firearms, ammunition for 90 days

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