India’s merchandise exports have surged by more than 15% in the first five months of FY27, signalling resilience amid global economic uncertainties, with exports crossing $200 billion and new digital trade initiatives set to boost growth.
India’s merchandise exports rose by more than 15% in the first five months of the current fiscal year, a sign that outbound shipments are holding up despite an uncertain global trade backdrop, Commerce and Industry Minister Piyush Goyal said. The figures point to continued momentum in goods trade even as exporters face softer demand and wider geopolitical strains.
Government data cited by CargoTalk showed merchandise exports at $173.78bn in April-July, up 17.04% from $148.48bn a year earlier. Business Standard reported that exports crossed $200bn in the opening five months of the fiscal year, reinforcing the view that India’s trade performance has remained resilient through the early part of FY27.
The stronger start builds on a solid first quarter. The India Brand Equity Foundation said merchandise exports rose 15.92% year on year to $129.32bn in April-June, while total exports of goods and services reached $232.73bn. It said engineering goods, electronics, gems and jewellery, chemicals and rice were among the main drivers.
Goyal also pointed to further room for expansion, particularly with BRICS partners, and said the government has set ambitious export goals for FY27. He urged wider use of digital trade tools such as electronic documents, e-invoices, e-customs systems and electronic bills of lading, arguing that simpler paperwork could help speed cross-border shipments.
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