In a world gripped by uncertainty, India’s exports are proving their mettle. The Federation of Indian Export Organisations (FIEO) reported Monday that despite supply chain snarls and geopolitical flashpoints, total exports climbed about 11% annually to $76.13 billion, per government figures.
February’s merchandise exports saw a minor 0.81% decline to $36.61 billion, overshadowed by a sharp 24.11% rise in imports to $63.71 billion. The trade gap stood at $27.1 billion, easing slightly from the prior month.
Over April-February in FY 2025-26, merchandise exports hit $402.93 billion (up 1.84%), while imports swelled 8.53% to $713.53 billion. Combined goods and services exports neared $790.86 billion, surpassing last year’s $747.58 billion by 5.8%.
‘Sectors like engineering, petroleum, electronics, pharma, gems, chemicals, garments, cotton, rice, and seafood have driven this,’ said FIEO chief S.C. Ralhan. Major markets: US, UAE, China, Netherlands, UK, Germany, Saudi Arabia, Bangladesh, Singapore, Hong Kong.
Ralhan stressed the need for geopolitical awareness, efficient logistics, and policy aid to keep the momentum. Enhancing regional partnerships and logistics will help India navigate global headwinds.
Middle East tensions, particularly US-Israel-Iran frictions, are disrupting Hormuz Strait and Red Sea routes. Rerouting vessels has inflated shipping costs and delays, challenging exporters worldwide.
India’s proactive market expansion offers a blueprint for resilience, ensuring exports not only endure but thrive amid adversity.