An article in Business Line reports that India’s merchandise and services exports grew by a combined 25% in the last fiscal year, reaching over ₹7.2 trillion. Despite disruptions from geopolitical tensions and supply chain issues, exporters are hopeful this momentum will continue. The article highlights the need for India to invest more in capital expenditures and port infrastructure to remain competitive.
The article also notes that while India’s auto parts exports have remained competitive, the global economic situation and increasing U.S. tariffs could pose a challenge. Exporters believe that product diversification and reaching new markets will be key to sustaining growth.