India’s Export Performance (Merchandise & Services)

GS3 – Indian Economy

Context

India has recorded modest export growth in the first quarter of FY 2025–26, as per data released by the Ministry of Commerce and Industry.

Key Highlights 

Exports

• Total Exports: Grew by 6% YoY, reaching $210.31 billion.
• Merchandise Exports: Rose 1.92% to $112.17 billion.
• Services Exports: Increased 10.93% to $98.13 billion, contributing to a 9.4% reduction in trade deficit, now at $20.3 billion.
• Top Export Destinations:
  • 1st: United States
  • Others: UAE, Netherlands, China, UK
• The government aims to achieve a $1 trillion export target by FY26, following a record $824.9 billion in FY25.

Imports

• Total Imports: Estimated at $230.62 billion, with a 4.38% growth.
• Top Import Sources: China, UAE, Russia, U.S., Iraq.