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Export

Exports are goods and services produced in one country and sold abroad. India’s major exports include software and IT services, refined petroleum, pharmaceuticals, gems and jewellery, textiles and smartphones.

Why It Matters

Exports bring in foreign currency and create jobs, especially in labour-intensive industries.

In India

Garments from Tiruppur and diamonds from Surat are labour-heavy exports that were hit hard by the 50% US tariff in 2025.

See it in the news
America’s 10% tariff expired today. A new one replaced it.Jul 24, 202618%: the trade deal that swapped tariffs for Russian oilFeb 5, 2026The “mother of all deals”: what the India–EU trade pact changesJan 28, 2026Fifty percent: what America’s tariff actually costs Tiruppur and SuratSep 12, 2025
Related Terms
Trade DeficitTariffProduction-Linked Incentive (PLI)
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