Business
Despite Global Shocks & US Tariffs, India’s Export Outlook Remains Positive For 2026
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India’s exports showed resilience in 2025 despite US tariffs, rebounding with market diversification.
News18
Even as global trade faced fresh shocks and the US imposed steep tariffs, India’s export engine showed resilience in 2025, as reported by PTI. A sharp 50 per cent US duty on Indian goods did dent shipments briefly, but exporters adjusted by diversifying markets. With momentum holding up despite global headwinds, India’s export outlook for 2026 remains positive.
A senior commerce ministry official summed it up simply: trade behaves like water, it finds its way, PTI reported. That adaptability has defined India’s export journey through multiple disruptions, from the Covid-19 pandemic to geopolitical conflicts and supply-chain crises.
Exports Weather A Decade of Global Shocks
India’s merchandise exports have navigated a tough global environment over the past five years, according to PTI data. Outbound shipments rose from USD 276.5 billion in 2020 to USD 395.5 billion in 2021 and USD 453.3 billion in 2022. Exports dipped to USD 389.5 billion in 2023 amid a global slowdown, but rebounded to USD 443 billion in 2024.
In 2025, exports touched USD 407 billion during January–November, reflecting steady demand despite trade disruptions and tariff pressures, PTI reported.
Record High in Goods and Services Exports
Commerce Secretary Rajesh Agrawal said India’s combined exports of goods and services reached a historic USD 825.25 billion in 2024–25, registering over 6 per cent year-on-year growth, as reported by PTI.
The momentum has continued into the current financial year, with exports touching USD 562 billion during April–November 2025. “Based on current trends, India’s exports are well placed to post solid growth in 2026,” Agrawal said, adding that upcoming free trade agreements with the UK, Oman and New Zealand will open new opportunities for exporters, PTI reported.
US Tariffs Bite, But Recovery Follows
The US, India’s largest export destination, imposed higher tariffs from August 2025, which impacted shipments in September and October, according to PTI. However, exports to the US rebounded sharply in November, rising 22.61 per cent to USD 6.98 billion, signalling exporters’ ability to adjust pricing and supply chains, PTI reported.
Exporters, however, remain cautious, with hopes pinned on an early bilateral trade agreement with the US and progress on a trade deal with the European Union.
Global Trade Outlook Turns Cautious
Amid rising geopolitical tensions, the World Trade Organization has projected global trade growth of 2.4 per cent in 2025, while lowering the outlook for 2026 to 0.5 per cent, as cited in PTI reports.
The WTO warned that higher tariffs, policy uncertainty and slowing GDP growth in developed economies could weaken trade and manufacturing activity.
Government Steps In to Support Exporters
The government remains optimistic that policy support will help exporters manage uncertainty, PTI reported. Measures include a Rs 25,060 crore export promotion mission, additional collateral-free credit of up to Rs 20,000 crore, debt repayment moratoriums, longer export credit tenors and greater use of free trade agreements.
India has signed or implemented several FTAs in recent years — including with Mauritius, Australia, the UAE, EFTA, Oman, the UK and New Zealand — strengthening market access for Indian goods and services, according to PTI.
Diversification Drives the 2026 Outlook
Experts told PTI that India’s export prospects for 2026 are being driven by structural shifts rather than a short-term global recovery. Electronics have emerged as a key growth driver, supported by foreign investment and deeper integration into global value chains. Engineering goods, pharmaceuticals and automobiles continue to add strength.
Exports are also becoming more geographically spread, moving beyond traditional markets like the US and UAE to Europe, East Asia and South Asia, PTI reported.
Challenges Remain, But Outlook Stays Positive
Ajay Sahai, Director General of the Federation of Indian Export Organisations, told PTI that global supply-chain realignments, expanding trade partnerships and improvements in ease of doing business put Indian exporters in a strong position.
However, he cautioned that geopolitical risks, slower growth in developed markets, rising protectionism, currency volatility and higher logistics costs could pressure margins, especially for MSMEs.
Even so, with continued policy support and market diversification, India’s export sector is expected to stay resilient and maintain growth momentum through 2026, as reported by PTI.
December 28, 2025, 15:16 IST
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Business
Piyush Goyal Dismisses Rahul Gandhi’s Farmer Meet Video, Rebuts ‘Fake Narrative’ On India-US Trade Deal
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The minister offered a detailed reality check to counter what he termed ‘Rahul ji’s fakery’

Goyal reiterated that Prime Minister Narendra Modi’s policies are intrinsically linked to farmer welfare. (File Photo: PTI)
Union Commerce Minister Piyush Goyal has accused Congress leader Rahul Gandhi of orchestrating a “fake narrative” aimed at provoking India’s farming community. Responding to a video released on social media by the Leader of the Opposition on Friday, Goyal dismissed the interaction as a stage-managed performance featuring Congress activists masquerading as genuine farmer leaders. He asserted that the dialogue followed a predetermined script designed to mislead the public regarding the safeguards in the recent India-US trade deal.
Rahul Gandhi has alleged that “any trade deal that takes away the livelihood of farmers or weakens the food security of the country is anti-farmer”. He was pointing to the recently concluded India-US framework agreement for bilateral trade, which is expected to be signed after tweaks by the end of March.
Piyush Goyal offered a detailed reality check to counter what he termed “Rahul ji’s fakery”, placing on record that the Narendra Modi government has fully protected the interests of annadatas, fishermen, MSMEs, and artisans. The minister categorically clarified that sensitive crops like soyameal and maize have been granted no concessions whatsoever in the agreement, ensuring that domestic farmers remain shielded from competitive pressure. He criticised the opposition for repeating “baseless allegations” in an attempt to instill unnecessary fear among the rural population.
Addressing specific claims regarding apple and walnut imports, the minister provided a technical breakdown of the protectionist measures in place. He noted that while India already imports approximately 550,000 tonnes of apples annually due to high domestic demand, the new US deal does not allow unlimited entry. Instead, a strict quota has been established, far below current import levels, and subject to a Minimum Import Price (MIP) of Rs 80 per kg. With an additional duty of Rs 25, the landed cost of US apples will be roughly Rs 105 per kg—significantly higher than the current average landed cost of Rs 75 per kg from other nations—thereby ensuring Indian growers are not undercut. Similarly, for walnuts, the US has been offered a modest quota of 13,000 metric tonnes against India’s total annual import requirement of 60,000 metric tonnes, making it impossible for the deal to harm local producers.
Goyal also took a swipe at the historical record of the Congress party, pointing out the irony of its current stance. He reminded the public that during the Congress-led UPA era, India imported nearly $20 billion worth of agricultural products, including dairy items, which the current administration has strictly excluded from the US pact. He challenged Rahul Gandhi to explain his “betrayal of farmers” and questioned how much longer the opposition intended to peddle fabricated stories.
Concluding with the slogan “Kisan Surakshit Desh Viksit”, Goyal reiterated that Prime Minister Narendra Modi’s policies are intrinsically linked to farmer welfare. He maintained that the India-US agreement is a balanced framework that opens new markets for Indian exports like basmati rice and spices while keeping the nation’s agricultural backbone secure.
February 14, 2026, 05:29 IST
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Business
Without Rera data, real estate reform risks losing credibility: Homebuyers’ body – The Times of India
New Delhi: More than 75% of state real estate regulators, Reras, have either never published annual reports, discontinued their publication or not updated them despite statutory obligation and directions from the housing and urban affairs ministry, claimed homebuyers’ body FPCE on Friday. It released status report of 21 Reras as of Feb 13.The availability of updated annual reports is crucial as these contain details of data on performance of Reras, including project completion status categorised by timely completion, completion with extensions, and incomplete projects. The ministry’s format for publishing these reports also specifies providing details such as actual execution status of refund, possession and compensation orders as well as recovery warrant execution details with values and list of defaulting builders.FPCE said annual report data is not only vital for homebuyers to assess system credibility, but is equally necessary for both state and central govts to frame effective policies, design incentivisation schemes, and develop tax policy frameworks.“Unless we have credible data proving that after Rera the real estate sector has improved in terms of delivery, fairness, and keeping its promises, we are merely firing in the air,” said FPCE president Abhay Upadhyay, who is also a member of the govt’s Central Advisory Council on Rera.As per details shared by the entity, seven states — Karnataka, Tamil Nadu, West Bengal, Andhra Pradesh, Himachal Pradesh and Goa — have never published a single annual report since Rera’s implementation, and nine states, including Maharashtra, Uttar Pradesh and Telangana, which initially published reports, have discontinued the practice.Upadhyay said when regulators themselves don’t follow the law, they lose the legal right to demand compliance from other stakeholders. “Their failure emboldens builders and weakens the very system they are meant to safeguard,” he said.
Business
Infosys Rolls Out 85% Average Performance Bonus In Q3FY26, Best In Over 3 Years
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Over recent quarters, payouts had gradually improved from roughly 65 percent to 80 percent and now to an average of about 85 percent in Q3FY26.

Infosys logo is seen.
IT major Infosys rolled out performance bonus payouts averaging around 85 percent for the quarter ended December 31, 2025 (Q3FY26), marking the strongest variable pay outcome for eligible employees in at least the past three-and-a-half years, Moneycontrol reported citing people in the know.
The bonus payout for mid- to junior-level employees ranges between 75 percent and 100 percent, with most employees clustering around the organisation-wide average of 85 percent, the report said. The development signals a steady recovery in variable compensation at the Bengaluru-headquartered IT services firm. Over recent quarters, payouts had gradually improved from roughly 65 percent to 80 percent and now to an average of about 85 percent in Q3FY26.
Employees are expected to receive their bonus letters over the next few days, with the payout scheduled to be credited along with their February salary.
One employee told the outlet that it is the strongest bonus outcome seen in recent years. The payout is also among the rare instances since the Covid-19 period when variable pay has approached the upper end of the eligible range.
Infosys last paid out 100 percent variable compensation during the pandemic. In the quarters that followed, payouts were lower amid macroeconomic uncertainty and a broader slowdown in client spending across global markets.
The higher payout comes at a time when global IT stocks have faced renewed pressure, driven by concerns over rapid advances in artificial intelligence and their potential impact on traditional IT services models.
Shares of global IT firms have seen sharp sell-offs in recent weeks amid heightened investor focus on AI leaders such as Anthropic. Investors fear that generative AI tools could compress pricing, automate routine services work and reduce demand for legacy outsourcing models.
Against that backdrop, the improved bonus payout at Infosys is being viewed as a signal of operational resilience and near-term performance strength, even as sentiment around the broader IT sector remains cautious.
February 13, 2026, 21:44 IST
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