Exports notch positive growth despite global issues, says Official

India’s exports have sustained healthy momentum despite global headwinds and are expected to post positive growth in 2025-26, a senior official of the commerce ministry said on Friday.

The exports and imports data for the month of March and the full 2025-26 fiscal year will be released by the commerce ministry on April 15.

“At the end of March 31, despite the war, we will be closing the year with positive growth. US tariffs, so many disturbances all through the year, Ukraine war is continuing, Iran war started, despite all, merchandise, exports have maintained their momentum,” the official said.

The country’s merchandise exports dropped marginally by 0.81 per cent year-on-year to $36.61 billion in February, and the trade deficit narrowed to $ 27.1 billion compared to the previous month.

Cumulatively, exports during April-February 2025-26 rose 1.84 per cent to USD 402.93 billion. Imports grew by 8.53 per cent to USD 713.53 billion during the period, leaving a trade deficit of USD 310.60 billion as compared to USD 261.80 billion in the same month last year.

The goods and services exports during 2024-25 was USD 825 billion (goods USD 437 billion and USD 388 billion services).