India’s Exports to US Hit Record High
India’s exports to the United States reached a record high of $11.2 billion in March 2025, surpassing the $10 billion milestone for the first time. This represents a nearly 50% increase over the 12-month average. The total bilateral goods trade for the month was $15 billion.
Key Highlights:
- First Quarter Performance: India exported goods worth $27.7 billion to the US and imported $10.5 billion, resulting in a trade surplus of $17.2 billion.
- Trade Agreement Talks: India and the US are engaged in productive talks regarding a bilateral trade agreement. India has agreed to eliminate tariffs on US imports.
- Tariff Proposal: India has proposed removing tariffs on specific US imports like steel, auto components, and pharmaceuticals. The zero-tariff offer is limited to a predetermined amount of imports.
Expert Reaction:
Richard Rossow is the Chair in US India Policy Studies at the Center for Strategic and International Studies. He praised India’s export performance. Rossow called it a record-breaking achievement.
Total Goods Trade:
The total goods trade between India and the US reached $129.2 billion in 2024, up from $124.1 billion in 2023.
Future Prospects:
The potential India-US trade agreement is expected to boost bilateral trade relations. India is likely to be the first country to negotiate a new trade agreement. This will occur under President Donald Trump’s updated trade policies.
