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India Merchandise Exports Projected to Surpass 500 Billion Dollars in FY27
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Moneycontrol•15-10-2026, 18:06
India Merchandise Exports Projected to Surpass 500 Billion Dollars in FY27
- •Commerce Secretary Rajesh Agrawal stated that India's merchandise exports could exceed $500 billion in FY27 if the strong shipment trend from the second half of the fiscal year persists.
- •Official trade data shows merchandise exports reached $259.9 billion between April and September of FY27, marking an 18.5 percent increase compared to the previous fiscal year.
- •Engineering goods led the export basket during the first half of FY27 with shipments totaling $70.9 billion, followed by petroleum products and electronic goods.
- •The top destination for Indian merchandise exports in the first half of FY27 was the US at $50.8 billion, followed by the UAE, China, Singapore, and the Netherlands.
Key Questions Answered
Commerce Secretary Rajesh Agrawal stated that India's merchandise exports could exceed $500 billion in FY27 if the strong shipment trends from the second half of the fiscal year persist.
Engineering goods led India's export basket during the first half of FY27 with shipments totaling $70.9 billion, followed by petroleum products and electronic goods.
The top destinations for India's merchandise exports in the first half of FY27 included the United States, the United Arab Emirates, China, Singapore, and the Netherlands.
