Summary:

Despite tariff pressures and worldwide concerns, India's product exports demonstrated remarkable resilience. According to Union Commerce and Industry Minister Piyush Goyal, exports increased by almost 15% year over year from April 1 and June 14, 2026, demonstrating the power of commerce in the face of global problems. Exports reached a six-month high of Rs. 4.26 lakh crore (US$45.2 billion) in May 2026, an 18% increase over the previous year. Exports jumped 16.09% to Rs. 8.39 lakh crore in April and May of 2026, while imports increased 15.14% to Rs. 13.71 lakh crore, resulting in a Rs. 5.33 lakh crore trade imbalance. India is still optimistic that its exports would hit $1 trillion in FY27. The goal of trade negotiations with the US on June 23–24, 2026, is to enhance market access and lessen tariff concerns in order to promote sustained export growth.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.