RBI provides relief to exporters amid steep US tariffs

To support exporters amid high US tariffs, the Reserve Bank of India (RBI) has permitted exporters to bring proceeds of their shipments in 15 months, as against the prevailing timeframe of 9 months. The changes have been made following amendments to the Foreign Exchange Management (Export of Goods & Services) Regulations. The US imposed a 50% tariff on goods from India in August; since then, the exporters have been facing issues due to the steep tariffs. Currently, the value of goods or software exports made by exporters is required to be realised fully and repatriated to the country within a period of 9 months from the date of export.

Earlier in November, the government approved two schemes with a combined outlay of over ₹45,000 crore for exporters. The schemes are aimed at boosting the country's outbound shipments and enhancing the competitiveness of domestic goods in the global markets. The government approved the Export Promotion Mission and the Credit Guarantee Scheme with an outlay of ₹25,060 crore and ₹20,000 crore, respectively.

During the April-September period of 2025, India’s cumulative exports (merchandise & services) grew 4.45% to $413.30 billion as compared to $395.71 billion for the same period of 2024. During the same period, the country’s merchandise exports rose 3.01% to $220.12 billion as compared to $213.68 billion for the same period of last year. The estimated value of service exports during April-September 2025 is $193.18 billion, as compared to $182.03 billion in April-September 2024.