Topic
trade growth
Trade India’s Merchandise Exports Rise 15 Percent Despite Red Sea Crisis and Global Turmoil, Says Minister
Commerce and Industry Minister Piyush Goyal announced that India's merchandise exports have grown 15% during the April-July period of the current financial year, despite the Red Sea crisis and global turmoil. Delivering the JRD Tata Memorial Lecture 2026, Goyal attributed the resilience to strong economic fundamentals, even as businesses face uncertainty from West Asia conflicts and shipping disruptions. India also retained its status as the world's fastest-growing major economy with 7.7% growth in the previous financial year.
Trade India's services exports narrow gap with goods trade as overall trade grows 5.4% in Q4FY26: NITI Aayog
According to a NITI Aayog report, India's total trade grew 5.4% in Q4FY26 to $1.84 trillion. Services exports reached $421 billion in FY2026, narrowing the gap with merchandise exports of $442 billion. The services surplus rose from $47.9 billion in Q1 to $60.4 billion in Q4, offsetting the merchandise trade deficit. Pharmaceutical exports stood at $25.8 billion in 2025, with formulated drugs increasing global market share.
Trade WTO Reports Slowdown in Global Goods Trade Growth
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