In defiance of U.S. President Donald Trump’s high tariffs, India’s exports surged in November, giving New Delhi new leverage in continuing trade negotiations with Washington and reducing pressure on New Delhi to reach a swift agreement.
According to government trade data issued on Monday, shipments to the United States increased by more than 22% in November compared to the same month last year, surpassing India’s overall export growth of more than 19%, which raised total goods exports to $38.13 billion.
After trade negotiations between the two countries broke down and Trump increased taxes on Indian goods to 50% in late August—the highest in the world—strong exports have allayed fears of a protracted tariff-led downturn. In response for India’s purchases of Russian oil, a 25% charge was part of the increase.
As investors awaited developments in trade talks, the measure had first hurt exports and sent the currency to a record low. After hitting a record low in September, exports to the United States decreased by almost 9% year over year in October. Analysts say India’s robust domestic economy and the November export rebound reduce the need for New Delhi to compromise in negotiations with Washington.
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