The country’s exports rose by 5.57 per cent to $59.93 billion during April-December this fiscal on account of healthy demand in the American market for domestic goods, according to government data. During December, the shipments increased by 8.49 per cent to $7 billion, the data showed.
On the other hand, imports during the first nine months of 2024-25 grew by 1.91 per cent to $33.4 billion, while in December it was up by 9.88 per cent to $3.77 billion. According to experts, going by the trend, the total trade between the two countries will continue to grow in the coming months also. The bilateral trade during April-December 2024-25 stood at $93.4 billion, as against $94.6 billion between India and China. The experts added that the possible trade war between the US and China will give huge export potential for Indian exporters.
