India's total merchandise exports are estimated to be $ 131.2 billion in the July-September quarter (second quarter) of financial year 2027. This is an increase of 17.6 percent compared to the same period last year. This information was given in the report released on Wednesday.
According to India Exim Bank report, non-oil exports are estimated to grow by 20.3 percent to $ 113.8 billion in the second quarter of the current financial year. At the same time, non-oil and non-gems and jewelery exports are estimated to be $ 105.8 billion with a growth of 20.5 percent.
According to the report, the growth in exports despite global uncertainties is due to increasing geographical diversification in India's export markets and favorable prospects arising from recent trade agreements with key trading partners. Additionally, strong demand in partner countries is also supporting exports.
“India's positive export outlook is expected to be underpinned by continued expansion in domestic manufacturing and exchange rate movements. However, downside risks to exports remain from geopolitical conflicts and volatility in international commodity markets,” India Exim Bank said.
The Bank prepares export estimates every quarter through its in-house Export Leading Index (ELI) model. This model estimates the pace of exports by combining external and domestic factors.
India's merchandise exports had reached a record quarterly level of $ 129.6 billion in the April-June quarter of the financial year 2026-27. It was $111.6 billion in the same period last year. Thus, a strong growth of 16.1 percent was recorded in exports.
The data reflects the strong foundation of India's export performance despite fluctuations in the monthly trade deficit, according to information given to Parliament this week.
India's merchandise trade deficit in June 2026 stood at $30.4 billion, which was reported to be the highest level in five months. However, this was only marginally higher than the average loss of $29.3 billion over the past 12 months.
Minister of State for Commerce and Industry Jitin Prasad said in the Lok Sabha that the trade deficit for June 2026 remained broadly in line with the average level. He said the government continues to keep a close eye on the country's trade performance, including the merchandise trade deficit.
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