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Indian Goods Exports Estimated to Grow 15% in May, Driven by Petroleum and Other Sectors Trade
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Indian Goods Exports Estimated to Grow 15% in May, Driven by Petroleum and Other Sectors

Indian goods exports are estimated to have grown 15% in May 2026, driven by high global oil prices boosting the crude refining industry, according to a government official. Excluding petroleum, exports rose 11%. The official also stated that the first phase of the India-US bilateral trade agreement can be finalised after the US concludes Section 301 investigations, which will end temporary 10% tariffs on July 24.

Jun 15, 2026 1 source