India’s exports record strong growth in first two months of FY27

Share:

The country's exports have recorded a double-digit growth during April-May 2026-27, a senior government official said on Monday.

The Commerce Ministry will emit the trade data to might on June 15.

"During the two months, exports are in double-digit development," the official said.

Exports rose by 13.78 per cent to USD 43.56 billion in April, the highest monthly outbound shipments in greater than four years, driven by petroleum items amid a surge in crude oil prices, however the trade deficit widened to a three-month high of USD 28.38 billion due to an uptick in imports.

The official also said that the commerce ministry will be hiring 1,000 people from across the country to disseminate information about free trade agreements being finalised by India.

"We need people from different languages," the official said, adding that paperwork is underway to the hiring process.

India has implemented FTAs with the UAE, Oman, Australia, the EFTA bloc and Mauritius. It has also finalised these pacts with the UK, New Zealand and the EU.

Further, while addressing the media on the India-Oman free trade agreement, Commerce and sector Minister Piyush Goyal said this pact is part of India's nine free trade agreements finalised in the last three and a half years, which cover 38 developed nations.

These pacts secure preferential market access to goods and services from India, covering nearly two-thirds of global trade, he said.

"Our target is clear, one trillion dollars of exports in the current year and two trillion dollars of exports five years from now and towards that we are further negotiating free trade agreements with Israel, Canada, the six-nation GCC block," Goyal said.

He informed that India will soon launch talks to a trade pact with SACU (South Africa Customs Union) led by South Africa.

"We have already launched negotiations with the Eurasian group, Russia, and Central Asia. We have already started talking to Mercosur to expanding the preferential trade agreement with them. We have received an expression of interest from Mexico and from Ecuador," he added.

Previous

Polyethylene terephthalate (PET) prices quote flat in the GCC amid stable buying activity

Next

Sodium Bicarbonate Prices Declined Overall in May

Quick inquiry

Create

Inquiry Sent

We will contact you soon