India's government plans relief measures for exporters amidst 50% US tariffs

In a bold move, the United States has imposed steep 50% tariffs on a range of Indian exports—triggered by India’s purchases of Russian crude. This has put immense pressure on Indian exporters, threatening the viability of sectors such as gems & jewellery, textiles, and machinery. (Source: The Guardian)

In response, the Indian government is rolling out a multi-pronged relief package—comprising immediate financial assistance, structural reforms, and long-term support—to protect exporters, sustain employment, and reposition in global markets. (Aug 31, 2025)

 

India dominates global makhana exports—often hailed as a “superfood”—courtesy of its nutritious profile and rising demand in Western markets.

  • India accounts for approximately 70–80% of global makhana production, with over 80% of that output coming from Bihar (Forbes India)
  • In fiscal year 2023–24, India exported around 25,130 metric tones of makhana via roughly 1,123 exporters to 2,969 buyers worldwide (export-import data)
  • Major import destinations include USA, Canada, UK, Australia, and the UAE
  • The Makhana Board of Bihar was proposed in India’s 2025–26 budget to strengthen processing and exports of this protein-rich snack
  • Makhana’s growing popularity in international markets earned it the moniker “Black Diamond,” with Prime Minister Modi citing its superfood status in 2025

Makhana: Superfood & Export Star from India

A broader overview of India’s international trade—covering both exports and imports, top trading partners, key commodities, and policy initiatives.

  • In April–December 2024, India’s merchandise exports stood at US$ 321.7 billion, while services exports were US$ 280.9 billion, totaling US$ 602.6 billion
  • Top trade partners: USA (~US$ 130 billion), China (~US$ 118 billion), UAE (~US$ 83 billion)
  • Major commodities: electronics, automobiles, spices, rice/wheat, cotton(Forbes India)
  • Key reforms and policies: New Foreign Trade Policy (2023–28), Districts as Export Hubs, Gati Shakti, Make in India, India–EFTA FTA in 2024

India’s Foreign Trade Snapshot 2024–25

Sneakers & Smartphones: Electronics on the Rise

A spotlight on India’s booming electronics export sector—highlighting how smartphones and manufacturing are transforming the trade portfolio

  • India’s electronics exports almost tripled from FY19 to FY23, reaching around US$ 23.6 billion, with mobile phones making up over half
  • iPhones alone accounted for over US$ 7 billion of mobile exports by December 2023
  • In FY 2024–25, smartphone exports soared 55% to US$ 24.14 billion, surpassing petroleum and diamond exports(The Economic Times)