India’s export sector maintained strong growth momentum during the first quarter of fiscal year 2027, with combined merchandise and services exports increasing significantly compared with the previous year. According to government data, total exports during April-June 2026 reached $232.73 billion, reflecting an annual growth rate of 11.37%.
Merchandise exports recorded particularly strong performance, rising 15.92% to $129.32 billion during the quarter. Non-petroleum exports also showed steady expansion, growing 12.44% to $106.30 billion, indicating broad-based growth across manufacturing and value-added industries.
In June 2026 alone, India’s merchandise exports stood at $40.41 billion, contributing to total monthly exports of $73.45 billion. The growth was supported by strong demand for several key product categories, including engineering goods, electronic products, gems and jewelry, organic and inorganic chemicals, and rice.
Engineering goods exports increased 20.74% compared with the previous year, while electronic goods exports grew 18.93%. Gems and jewelry shipments recorded a rise of 34.64%, chemicals exports climbed 19.42%, and rice exports expanded 16.48% during the same period.
The services sector also continued to contribute significantly to India’s export performance. Services exports reached $103.41 billion during the first quarter of FY27, highlighting the country’s continued strength in global service delivery and technology-driven industries.
Markets including Singapore, South Africa, China, Oman, and Malaysia played an important role in supporting India’s export expansion during the quarter. The performance reflects increasing global demand for Indian goods and services, along with the country’s growing manufacturing capabilities.
The latest figures underline India’s progress in diversifying its export portfolio and strengthening its position in international markets. Rising shipments across multiple sectors suggest that domestic industries are becoming more competitive globally, supported by increased production capacity and expanding trade opportunities.
