Exports

India’s basmati rice exports are expected to remain stable in the current and next financial year despite geopolitical tensions in West Asia. Export volumes are projected to grow by up to 2 percent from the 6.06 million tonnes recorded in FY25. While shipments to Iran—traditionally a major buyer—may decline due to regional uncertainties, rising demand from markets such as Saudi Arabia, Iraq, the United Arab Emirates, and Yemen is expected to offset the impact. 

India’s medical device industry is witnessing robust growth, with exports surpassing USD 4 billion in FY25 and ambitious plans to reach a USD 30 billion market by 2030. Leveraging a significant domestic market and rising global demand for affordable, high-quality medical technologies, India is positioning itself as a reliable manufacturing and export hub. Government initiatives, industry collaboration, and regulatory reforms are key drivers in strengthening the MedTech ecosystem.

India’s gems and jewellery export sector showed modest growth in February, reflecting the industry’s resilience amid global economic uncertainty. Exports increased by 3.86 percent year-on-year, reaching USD 2,680.79 million, equivalent to approximately Rs 24,340.05 crore. The growth was driven largely by diversification into emerging international markets as exporters adapted to shifting global demand.