India’s trade with G7 nations, excluding Canada, reached a surplus of USD 28 billion in FY25. A report by data science firm Rubix reveals the country’s growing export strength in telecom and pharma sectors.
India has recorded a significant rise in trade with the G7 nations—excluding Canada—reflecting deepening economic ties and robust export performance, according to a report released by Rubix, a data science and analytics firm specializing in economic intelligence.
As per the Rubix report, India’s exports to the G7 countries reached USD 138 billion in the financial year 2024–25, while imports stood at USD 110 billion, leading to a USD 28 billion trade surplus. The G7 includes the United States, the United Kingdom, France, Germany, Italy, and Japan (excluding Canada in this analysis).
A notable driver of this trade growth has been mobile phone exports, which surged to USD 24 billion, along with consistent demand for pharmaceutical products and telecom equipment. These sectors form the cornerstone of India’s high-value exports to these developed economies.
Rubix’s analysis points out that India’s manufacturing strength and competitiveness, supported by policy reforms like PLI (Production Linked Incentive) schemes, have made Indian exports more attractive to high-income economies. The absence of Canada in the trade surplus trajectory reflects the ongoing diplomatic chill and reduced economic engagement between the two countries.
This data underlines India’s evolving trade strategy and its increasing integration with Western markets, highlighting confidence in Indian goods and the global shift in supply chains.