Export Boom: Geopolitical Uncertainty Does Not Break India's Spirit, Export Rises 15% In April-May

The country's merchandise exports have recorded about 15 per cent growth during April-May 2026-27 despite global economic uncertainties, a senior government official said on Monday. The Commerce Ministry will release the trade data for May on June 15.

"During the two months, exports are up by 15 per cent," the official said.

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

RBI CAD Data

India reported a current account surplus of USD 7.1 billion, or 0.7 per cent of GDP, in the January-March quarter of 2025-26, according to the Reserve Bank data released on Monday. The surplus stood at USD 13.7 billion, or 1.4 per cent of GDP, in the fourth quarter of 2024-25.

However, for the entire fiscal year, the current account deficit stood at USD 25.2 billion, or 0.6 per cent of GDP, compared to USD 22.9 billion, or 0.6 per cent of GDP, during 2024-25.

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"Net services receipts increased to USD 60.4 billion in Q4 2025-26 from USD 53.3 billion a year ago," according to RBI's data on Developments in India's Balance of Payments during the Fourth Quarter (January-March) of 2025-26.

Services exports increased on a year-on-year basis in major categories, such as computer services and other business services.

On the other hand, the merchandise trade deficit at USD 83.4 billion in Q4 2025-26 was higher than USD 59.3 billion in Q4 2024-25.

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