India hits JACKPOT in China's fight with US as New Delhi is now...., China will be angry due to....
Good news for India: In a significant development for Indian Economy, the Republic of India led by PM Modi has emerged as a key beneficiary of the ongoing US-China trade war, with Indian exports to the US witnessing a sharp 17.3% surge. While Chinese exports to the American market have declined due to the ongoing trade war between the United States led by US President Trump and China led by Xi Jinping. Readers should note that this shift in trade dynamics between India and US comes as the US increasingly diversifies its supply chains away from China, bringing new trade opportunities for countries like India and Vietnam. India's exports of goods and services
India's exports of goods and services rise 2.8 pc to cross $71 billion in May amid global uncertainty. As per a report by IANS news agency, India's total exports of merchandise and services for May this year are estimated at $71.12 billion, which represents a growth of 2.77 percent over the same month of the previous year, despite the rising geopolitical tensions and trade war triggered by the hike in US tariffs.
According to the global data, China's exports to America fell by 34.5% in May 2025 and at the same time, India's exports to America have increased by 17.3%. Top 5 export destinations for India
The top 5 export destinations for India exhibiting positive growth in May this year are the USA (16.93 per cent), China (25.04 per cent), Australia (35.36 per cent), Russia (48.11 per cent), and Germany (17.05 per cent), according to the Commerce Ministry statement.
The official figures released by the Commerce Ministry showed that the export of electronic goods, including smartphones, shot up by a robust 54.1 per cent from $2.97 billion in May 2024 to $4.57 billion in May 2025. India's merchandise trade deficit declines
In another significant development for the Indian economy, India's merchandise trade deficit declined to $21.88 billion in May this year from $26.42 billion in April, reflecting a stronger external sector, according to data released recently. As per the report by IANS, the trade deficit was lower on a year-on-year basis as well compared to the corresponding figure of $22.09 billion recorded in May 2024.
(With inputs from agencies)
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