Goods exports jump 26% in Aug, trade gap narrows
New Delhi, Sept. 16 -- India's merchandise exports in August saw a robust annualised growth of over 26% to $43.81 billion, outpacing about 14% growth in imports at $ 70.67 billion, thus narrowing the trade deficit on the back of policy measures such as trade diversification, bilateral deals and curbs on unproductive imports of commodities like gold.
Stating that India's export growth momentum has been strong in the first four months of the current financial year, commerce secretary Rajesh Agrawal said: "Export growth momentum [has] accelerated further in August." Cumulative trade data of both merchandise and services showed that exports in the first quarter (April-June) of 2026-27 "climbed by over 13% to $236.28 billion," he said.
Overall g...
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