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India’s exports surge 15% in April-July, says Goyal
India's exports grew by about 15% in the first four months of this fiscal year, Commerce and Industry Minister Piyush Goyal said on Wednesday. The nation is on track to reach the…
The Story in Brief
India's exports grew by about 15% in the first four months of this fiscal year, Commerce and Industry Minister Piyush Goyal said on Wednesday. The nation is on track to reach the $1 trillion export target for goods and services in 2026-27, up from $863 billion in 2025-26, he added.
Goyal said nine free trade agreements finalised in the last four years, covering 38 countries, will open big markets for domestic industry. Goods exports in April-June rose 15.92% to $129.32 billion, while imports grew 19.89% to $216.18 billion. The merchandise trade deficit widened to $86.86 billion from $68.75 billion a year ago.
The Indian Opinion
The 15% export growth is welcome but the widening trade deficit tells a different story. Imports grew faster than exports, and the West Asian crisis is squeezing exporters' profits on freight and insurance. Goyal's $30-trillion economy pitch by 2047 sounds ambitious, but the real test is whether the nine FTAs actually lift domestic manufacturing and narrow the deficit. Watch for July's detailed trade data on August 13 to see if the trend holds.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
