EconomyPIB13 July 2026

India's exports grow 11.37% in Q1 FY27 to US$ 232.73 billion

Practice PYQs on this topic

500+ questions on Economy with explanations

📌 Summary:

India's total exports (merchandise + services) for April-June 2026-27 estimated at US$ 232.73 billion vs US$ 208.98 billion a year earlier — 11.37% growth
Merchandise exports in Q1 were US$ 129.32 billion, up 15.92%; non-petroleum exports US$ 106.30 billion, up 12.44%
June 2026 total exports US$ 73.45 billion (+9.48%); total imports US$ 88.76 billion (+26.85%); trade deficit widened to US$ 15.32 billion (vs US$ 2.89 billion in June 2025)
June merchandise export drivers: Gems & Jewellery (+34.64%), Engineering Goods (+20.74%), Organic & Inorganic Chemicals (+19.42%), Electronic Goods (+18.93%), Rice (+16.48%)
Released by the Ministry of Commerce & Industry

🎯 UPSC Relevance: GS3 (Economy) — external sector, balance of payments, export diversification and resilience.

📝 Prelims Facts:

Non-petroleum exports exclude crude/petroleum products to show underlying export strength
Services trade data are sourced from the RBI (latest firm data for May 2026)
A trade deficit means imports exceed exports

🔑 Key Term: Trade Balance — the difference between a country's exports and imports; a deficit arises when imports exceed exports.

exportstrademerchandisebalance of payments

UPSC Classification

Prelims (GS1)

Mains

PrelimsMains

See PYQs related to “Economy”

Every classification tag above links to actual UPSC questions asked on that topic — with answer, explanation and elimination logic. Only in the app.