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Informist, Friday, Feb. 13, 2026

 

NEW DELHI – India's merchandise exports are likely to grow 4.1% to $455.60 billion in the current financial year, of which the March quarter is estimated to account for $125.30 billion, according to projections by Exim Bank. But continued global uncertainty and volatility in commodity markets pose downside risks to the projections, the bank said Friday. 

 

India's export outlook is expected to improve further, supported by a rise in overall competitiveness driven by sustained macroeconomic stability, competitive exchange rate, and the higher capital expenditure committed in the Budget for the financial year 2026-27 (Apr-Mar), the bank said in a press release. "This momentum is further supported by policy interventions in the form of export relief measures. Increased geographical diversification of exports and favourable prospects of recently concluded trade negotiations with select countries are also expected to contribute to positive export growth," it said.

 

India's merchandise exports grew 2.4% to $330.29 billion in the nine months ended Dec. 31, according to the latest data available with the government. The commerce ministry will release the trade data for January Monday.

 

India's goods exports have shown significant resilience so far in a specially turbulent year, with the top export destination, the US, imposing steep tariffs on Indian goods. But the interim trade deal between India and the US, likely to be signed by March, under which the White House will cut tariffs to 18% from 50%, will mitigate external-sector risks in the next financial year.

 

Besides an interim deal with the US, India has concluded free trade agreements with the UK, the European Union, New Zealand, and Oman in the current financial year. The trade deals are likely to be implemented in the next financial year, further boosting the prospects for India's exports growth.  End

 

US$1 = INR 90.63

 

Reported by Krity Ambey

Edited by Rajeev Pai

 

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