India approves $5.1 billion export‑support package amid U.S. tariff pressure

India approved a $5.1 billion export‑support package on 12 Nov to cushion exporters from U.S. tariffs and diversify markets.

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India approves $5.1 billion export‑support package amid U.S. tariff pressure

India approves $5.1 billion export‑support package amid U.S. tariff pressure
The Indian cabinet on 12 November 2025 approved a ₹450.6 billion (approximately $5.1 billion) support package for exporters facing U.S. tariff headwinds. The package includes ₹200 billion in collateral‑free credit guarantees for bank loans and ₹250.6 billion over six years for trade‑finance enhancements and market‑diversification incentives. 
Exporters of labour‑intensive goods such as garments, leather and chemicals just hit by up to 50% U.S. tariffs will benefit. Economists say the move may reduce downside risk to export growth and help cushion broader industrial activity.