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India's Merchandise Exports Expected to Grow 28.7% in Q3: Exim Bank
Sentiment: NeutralHigh Priority
What Happened?
The Export-Import Bank of India forecasts a 28.7% year-on-year increase in merchandise exports for Q3 FY27, reaching $141.8 billion. Non-oil exports are projected at $120.3 billion, reflecting 21.9% growth.
Key points
- India's merchandise exports are expected to reach $141.8 billion in Q3 FY27.
- Non-oil exports are projected at $120.3 billion, showing 21.9% year-on-year growth.
- Exports of non-oil and non-gems and jewellery items are estimated at $106.4 billion, with a 16.2% increase.
- The growth is driven by market diversification, new trade agreements, and demand in key export destinations.
- In September 2026, exports rose 23% to $44.4 billion, while the trade deficit narrowed to $30.21 billion.
- China remains India's largest trading partner, with merchandise trade increasing by 29% to $91.8 billion.
Key insights
- Continued demand in major export markets may support sustained growth.
- Tighter global monetary policies could pose risks to export growth.
- The diversification of export markets may mitigate potential downturns.
Why it matters
The growth in exports could enhance India's economic stability and trade relationships.
Tags
Entities
Export-Import Bank of India· OrganizationIndia· CountryChina· Country
Source
Business Standard
