India’s Exports To Us Soar To Record $11.2 Bn In March, Trade Surplus Widens Sharply

India’s exports to nan United States reached a grounds precocious of $11.2 cardinal successful March 2025, surpassing nan $10 cardinal milestone for nan first clip and showing a astir 50% summation complete nan 12-month average. This summation successful exports led to a full bilateral equipment waste and acquisition of $15 cardinal for nan month, arsenic reported by nan United States Census Bureau.

This surge successful waste and acquisition follows a 90-day tariff region announced by US President Donald Trump and a increasing momentum towards a imaginable India–US waste and acquisition agreement.

The beardown export capacity successful March concluded a successful first 4th for bilateral trade. From January to March 2025, India exported equipment worthy $27.7 cardinal to nan US and imported $10.5 billion, resulting successful a waste and acquisition surplus of $17.2 cardinal successful India’s favour.

"India blows nan doors disconnected its grounds for exports to nan U.S. successful March- $11.2b, first clip it has crossed $10b. Almost 50% higher than nan 12-month average. Total bilateral equipment waste and acquisition besides sets a record- astir $15b for nan month," Richard Rossow, Chair successful US India Policy Studies astatine nan Center for Strategic and International Studies, wrote connected X.

In comparison, full equipment waste and acquisition betwixt nan 2 nations reached $129.2 cardinal successful 2024, up from $124.1 cardinal successful 2023. All figures are nominal and not seasonally adjusted.

India-US Trade talks

India, facing a suspended 26% reciprocal tariff, is engaged successful productive talks pinch nan US regarding a bilateral waste and acquisition agreement. It is anticipated that India will beryllium nan first state to successfully discuss a caller waste and acquisition statement nether President Donald Trump's updated waste and acquisition policies.

At a caller media relationship astatine nan White House, President Trump disclosed that India has agreed to destruct tariffs connected imports from nan United States. This improvement comes amidst bilateral waste and acquisition discussions betwixt nan 2 countries and is seen arsenic a important step, considering India's historically precocious tariff levels. 

“India has 1 of nan highest tariffs successful nan world. We are not going to put up pinch that, they person agreed already to driblet it, driblet it to nothing. They person already agreed. They wouldn’t person done for anybody else, but me,” Trump stated.

According to a study by Bloomberg, India has put guardant a connection to region tariffs connected circumstantial US imports specified arsenic steel, car components, and pharmaceuticals. The zero-tariff connection would beryllium reciprocated and constricted to a predetermined magnitude of imports. This connection entails allowing duty-free introduction of definite business equipment from nan US, but only up to a specified quota. Any imports exceeding this limit would still beryllium taxable to modular duties.

Published on: May 7, 2025 6:37 PM IST