Commerce and Industry Minister Piyush Goyal on 18th October said India is likely to post positive export growth during the current financial year despite tension from global trade disruptions and US tariffs.
Goyal informed that the nation’s exports of goods and services increased by approximately 5 per cent to $413.3 billion in April-September of the financial year 2025-26, as compared to the corresponding period last year. Merchandise exports increased by 3 per cent to $220.12 billion in the first half of the financial year.
There is resilience, there is optimism, there is demand for our goods and services globally, and India will keep on growing at this pace. We are sure that we will close 2025-26 with positive growth in India’s exports,” he informed media persons in New Delhi.
The minister added that the United States’ tariffs have caused a disruption in supply chains worldwide, affecting India’s exports to the US, which dropped around 12 per cent in September.
Goyal also stated that the recent reductions in Goods and Services Tax (GST) rates have improved investor sentiment. Foreign portfolio investment flowing out reduced to under $900 million in September from nearly $4 billion in August, he added.
“Once the GST announcement was made, the investors immediately understood that this was a bonanza. Demand will increase enormously,” Goyal added.
While reacting to a query on whether some e-commerce companies have not been passing on the GST reduction benefits to consumers, Goyal stated that most companies have complied and even provided extra discounts and bonuses.
But if any website or portal has failed to pass on the benefit, the consumer affairs department will be able to act. All businesses and industries have promised me that the benefit will be entirely passed on to consumers,” he added.
