Exports up 6.7% in Sept

“THIS INDICATES THAT our industryhas been resilient. They have been able to expand trade with the US by maintaining their supply chains, maintaining their business relations.

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They may have taken on some cost losses but maintained those supply chains,” commerce secretary Rajesh Agrawal told reporters. Around 55% of the export basket to the US is exposed to the India-specific 50% duties. The rest of the goods are attracting duties, which are the same for all trading partners.

Among goods, the drivers of the growth in exports in September were electronic goods which saw exports 50.54% to $3.11 billion. Shipment of petroleum products revived with growth of 15.22%to $4.95 billion, and rice exports rose by 33.18% to $924.88 million.