India’s Exports of
Goods and Services Reach $860 Billion in FY26, Grow 4.22% Despite March Dip
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April-March 2025-26 Ends with $441bn,
Marginal Gain in Goods, Thanks to China, Imports Crash by $53 bn to $721bn as
China Imports Grow to $155 bn
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Gold Import Rises to $116 bn
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Textiles Export Languish as Electronics
Exports Up $48 bn but Import Up $116 bn
·
Overall
Trade Performance (FY 2025-26):
o Total exports (merchandise + services)
estimated at $860.09
billion, up 4.22%
YoY.
o Total imports rose to $979.40 billion, up 6.47%.
o Trade deficit widened to $119.30 billion.
·
Merchandise
Trade:
o Exports marginally increased to $441.78 billion (+0.93%).
o Imports surged to $774.98 billion,
widening merchandise trade deficit to $333.19
billion.
·
Services
Trade:
o Services exports grew to $418.31 billion (+7.94%).
o Services surplus increased to $213.89 billion,
cushioning overall trade deficit.
·
Non-Petroleum
Exports:
o Rose to $387.88 billion (+3.62%).
o Non-petroleum, non-gems & jewellery
exports reached $359.67
billion.
·
March
2026 Trade Snapshot:
o Total exports declined 4.58% to $74.11 billion.
o Imports fell 5.76% to $76.55 billion.
o Trade deficit narrowed to $2.44 billion.
·
Key
Export Growth Sectors (March 2026):
o Other cereals (+108.23%)
o Minerals (mica, coal, ores) (+11.27%)
o Handicrafts (+8.51%)
o Petroleum products (+5.88%)
o Engineering goods (+1.13%)
·
Major
Import Declines (March 2026):
o Petroleum & crude (-35.91%)
o Gold (-31.63%)
o Cotton, project goods, chemicals, iron
& steel also declined.
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Top
Export Destinations (Growth in FY26):
o China, Spain, Hong Kong, Vietnam, Sri
Lanka showed strong growth.
·
Top
Import Sources (Growth in FY26):
o China, USA, Hong Kong, Peru, UK.
·
Key
Insight:
o Strong services exports growth helped offset weak
merchandise export performance, but rising
imports widened the overall trade deficit.