India is unlikely to achieve the ambitious target of USD 1 trillion in exports of goods and services in FY26, with global slowdown and protectionism weighing on merchandise shipments, economic think tank Global Trade Research Initiative (GTRI) Founder Ajay Shrivastava told ANI on Wednesday.
The matter is being heard by Justice Manmeet Pritam Singh Arora, who reviewed a detailed chart of URLs that, according to the plaintiff, continue to host infringing material despite earlier directions.
The matter was heard by Justice Manmeet Pritam Arora, who directed the takedown of obscene material involving the actor and ordered restraint against defendants selling unauthorised merchandise exploiting his personality rights.
India's trade deficit narrowed to USD 24.53 billion in November from USD 41.68 billion in October, said the data released by the government on Monday. This was driven by a fall in gold, oil and coal imports, it said.
During 2025-26, exports began at USD 1.39 billion in April, climbed to USD 1.62 billion in May, and after a brief moderation in the mid-year months, gained momentum from September onward. Exports rose from USD 1.46 billion in September to USD 1.63 billion in October, reaching a peak of USD 2
Overall trade, including merchandise and services, recorded exports of USD 73.99 billion in November 2025, up from USD 64.05 billion in the same month last year. Imports during the period declined marginally to USD 80.63 billion from USD 81.11 billion.
India's external sector is showing mixed signals as merchandise exports lose momentum amid tariff-related disruptions, however services exports continue to provide critical support to the country's current account position, noted a report by CareEdge.
India has the potential to raise its merchandise exports to Russia from about USD 5 billion to nearly USD 35 billion by 2030, according to a GTRI report, as President Vladimir Putin's visit to Delhi places renewed focus on narrowing the wide trade gap between the two countries.
The report mentioned that India's pharmaceutical industry is entering a decisive new phase marked by tighter supply chains, sustainable manufacturing pressures and an accelerated global shift toward advanced biologics.
Union Commerce and Industry Minister Piyush Goyal on Wednesday said the Indian economy remains on a solid footing, saying the country has seen the lowest-ever inflation in the last few months and foreign exchange reserves continue to be strong.
According to assessments by Crisil, ICICI Bank Research and Emkay Global, the merchandise deficit expanded as gold imports surged nearly 150% quarter-on-quarter, touching USD 19 billion in Q2, while goods exports declined on a sequential basis following the rollout of higher US tariffs on In
The merchandise trade deficit moderated to US$ 87.4 billion in Q2, marginally lower than USD 88.5 billion in the corresponding period last year. Exports and imports both grew, but the increase in exports helped contain the deficit.