India’s Export Outlook: Positioned for a Strong Rebound in H2 2025 Amid Stabilising Global Trade
Resilience Amidst Uncertainty: India’s Trade Performance in May 2025 India’s export sector has demonstrated considerable resilience in May 2025 despite a challenging global environment marked by geopolitical uncertainty and volatile commodity prices. According to experts and data shared by industry bodies, total exports from India—combining merchandise and services— grew by 2.8% year-on-year to USD 71.12 billion , compared to USD 69.20 billion in May 2024. The Federation of Indian Export Organisations (FIEO) highlighted that this growth was largely driven by the services sector , including software, consultancy, and financial services. Although merchandise exports slightly declined to USD 38.73 billion , the strong performance in services helped balance the overall export portfolio. Sectoral Insights: Engineering Exports Hold Steady Engineering exports—a critical component of India’s merchandise trade—showed notable stability. Engineering goods exports declined marginally by 0.8...