Indian exporters rushed to beat the reciprocal tariffs anticipated to return into impact on April 2, pushing items value over $10 billion to the US final month alone — a pointy soar of 35 per cent in comparison with March final yr, in response to information launched by the Commerce and Trade Ministry on Wednesday.
Even because the reciprocal tariffs had been subsequently paused for 90 days, exporters globally scrambled final month to speed up shipments earlier than the duties kicked in. Tech big Apple, as an illustration, flew a number of last-minute consignments of iPhones to the US earlier than the tariffs had been resulting from take impact.
Official information confirmed that India’s exports to the US in March stood at $10.14 billion, up 35.06 per cent from $7.51 billion in March 2024. For the total monetary yr (April 2024 to March 2025), exports to the US totalled $86.51 billion — a rise of 11.59 per cent in comparison with $77.52 billion throughout the identical interval within the earlier yr.
In the meantime, items imports from the US additionally rose to $3.70 billion in March 2025, 9.63 per cent greater than in March 2024. Over the identical monetary yr, imports rose 7.44 per cent to $45.53 billion, in comparison with $42.13 billion in 2023–24.
The information additional confirmed that India’s whole items and providers exports in 2024–25 reached a report $820.93 billion, up 5.50 per cent from $778.13 billion within the earlier monetary yr. Providers exports rose by 12.45 per cent to $383.51 billion, whereas items exports noticed marginal progress of 0.08 per cent, reaching $437.42 billion.
Simply hours earlier than the April 2 deadline, US President Donald Trump introduced a 90-day pause, stating that 75 nations had approached the US searching for to signal commerce agreements. Nonetheless, Trump concurrently raised tariffs on China to 145 per cent.
India and the US are at the moment negotiating a bilateral commerce settlement aimed toward greater than doubling commerce — from the present $191 billion to $500 billion by 2030. The primary part of the deal is predicted to be concluded by autumn (September–October) this yr.
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