New Delhi, June 15 -- India is becoming more export-dependent on advanced G7 markets while reducing import dependence on them, which indicates both market diversification on the import side and export concentration in high-value developed economies, as per a Rubix report.

India's merchandise trade with G7 countries rose 6.1 per cent year-on-year to USD 263 billion in FY2026. "Total goods trade (exports + imports) with G7 countries cumulatively stood at USD 263 billion in FY2026, showing 6.1% increase over the previous year," the report noted.

However, the growth was accompanied by a narrowing of the country's trade surplus with the bloc, which dropped to USD 13 billion from USD 28 billion in FY2025, as imports rose while exports remaine...