India’s external trade momentum strengthened significantly over the past year, with total exports rising from US$ 64.05 billion in November 2024 to US$ 73.99 billion in November 2025, marking a robust 15.52% year-on-year growth. The sharp increase underscores India’s growing integration with global markets, supported by policy reforms, expanding manufacturing capacity, and deeper trade partnerships.
A key driver behind the export upswing has been India’s proactive trade diplomacy. The country has inked a series of major Free Trade Agreements (FTAs) in recent years, while active negotiations are underway with several other strategic partners, aimed at improving market access for Indian goods and services and strengthening supply-chain resilience.
The positive trade outlook has also been reinforced by renewed momentum in India–US economic engagement. Prime Minister Narendra Modi and US President Donald Trump recently held discussions on strengthening bilateral economic partnership during a phone conversation, amid indications that both sides are moving closer to finalising a long-awaited trade deal.
During the interaction, the two leaders reviewed steady progress in India–US bilateral relations and exchanged views on key regional and global developments. They reaffirmed their commitment to the India–US Comprehensive Global Strategic Partnership, with a shared focus on expanding cooperation across trade, critical technologies, energy, defence and security.
Both leaders emphasised that India and the United States will continue to work together for global peace, stability and prosperity, signalling strong political support for deeper economic ties. With exports on an upward trajectory and trade negotiations gaining pace, India’s global trade prospects appear increasingly positive heading into 2026.