16-January-2026
Economy News
 
After 41-month high, Trump's tariffs drag India's export growth in December
16-Jan-2026

India’s goods trade deficit widened to $25 billion in December from $20.6 billion a year ago as export growth slowed to 1.9% from a 41-month high of 19.4% in November, official data released Thursday showed. Exports to the US, India’s top destination, declined a marginal 1.8% in December to $6.9 billion amid the 50% tariffs imposed in August. India’s overall outbound shipments rose 1.9% to $38.5 billion in December amid the country's diversification strategy to deepen trade ties with West Asia, Europe, Canada, Russia and China, incentives under the Export Promotion Mission and proposed free trade agreements especially with the EU. Compared to November, exports were up 1% last month.

News Source:- https://economictimes.indiatimes.com/news/economy/foreign-trade/after-41-month-high-trumps-tariffs-drag-indias-export-growth-in-december/articleshow/126552507.cms