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Last Updated:May 17, 2026, 12:09 IST War in West Asia and Strait of Hormuz closure reshape India trade, Singapore tops UAE as export hub, new energy import partners rise, rupee weakens, fuel prices and duties increase Hormuz Crisis Reshapes India Trade: Singapore Overtakes UAE As No. 2 Export Market. India’s trade patterns have started changing…
New Delhi: Smartphones have officially become India’s top exported good in FY25, overtaking traditional heavyweights like petroleum products and cut diamonds, as per latest government figures. Backed by government support and strong local manufacturing by tech giants like Apple and Samsung, smartphone exports rose 55 per cent to $24.14 billion in 2024-25, compared to $15.57…
New Delhi: India’s exports to its trade agreement partner Australia rose 64.4 per cent year-on-year to USD 643.7 million in November on account of healthy growth in sectors such as textiles, chemicals and agricultural products, according to the commerce ministry data. However, the country’s merchandise exports recorded a decline of 5.21 per cent year-on-year to…
New Delhi: India has recorded a sharp increase in exports for several key product categories with the country maintaining or improving its rank among the top ten global suppliers, in export values exceeding $1 billion in 2023, according to figures released by the Commerce and Industry Ministry on Tuesday. “From dominating the global market in…