Indian Economy News

India’s Merchandise Exports Rise 15.92% to US$ 129.32 Billion in Q1 FY27; Total Exports Cross US$ 232.73 Billion

India’s exports continued to demonstrate strong momentum during the first quarter of FY27, with cumulative merchandise and services exports rising 11.37% year-on-year to Rs. 21.99 lakh crore (US$ 232.73 billion) during April-June 2026-27. Merchandise exports increased 15.92% to Rs. 12.22 lakh crore (US$ 129.32 billion), while non-petroleum exports grew 12.44% to Rs. 10.05 lakh crore (US$ 106.30 billion), reflecting broad-based export growth across manufacturing and value-added sectors. During June 2026, merchandise exports stood at Rs. 3.82 lakh crore (US$ 40.41 billion), contributing to total monthly exports of Rs. 6.94 lakh crore (US$ 73.45 billion).

Engineering goods, electronic goods, gems & jewellery, organic & inorganic chemicals and rice emerged as the key drivers of export growth during June 2026. Engineering goods exports rose 20.74%, electronic goods 18.93%, gems & jewellery 34.64%, organic & inorganic chemicals 19.42%, and rice exports 16.48% over the previous year. Services exports also remained resilient, reaching Rs. 9.78 lakh crore (US$ 103.41 billion) during April-June FY27. Strong demand from markets such as Singapore, South Africa, China, Oman and Malaysia further reinforced India's export performance, highlighting the country's growing manufacturing competitiveness, diversified export basket and expanding presence in global markets.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.