India's merchandise exports grew 2.9% to $220 billion (April-Sept 2025), but its share to the US declined since July 2025, especially in September (-12% YoY), due to lower demand for marine products and gemstones. The country is diversifying exports to UAE, China, Vietnam, and others. The government has approved ₹45,060 crore in support, including ₹20,000 crore in credit guarantees, to boost exporter competitiveness and explore new markets.