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New Delhi: In a massive good news for India's exports across the world, the first quarter (April–June) of the financial year 2025–26 has been highly encouraging for India's export sector, reducing the trade deficit. With significant growth recorded in export of electronics, readymade garments (RMG), and marine products, India exports saw a massive growth in its export market in the April-June quarter. According to data from the Ministry of Commerce, electronics exports alone saw a sharp rise of 47%, reaching $12.41 billion during this period. What are India's export destinations?
The official data also included that irrespective of the ongoing trade war restrictions, the United States remained the largest export destination for Indian electronics, accounting for a massive 60.17% share, followed by the UAE and China. This surge reflects India's growing strength in the global tech supply chain, backed by increased manufacturing capacity and government support. What do record export figures indicate for India?
As per the data by the Federation of Indian Export Organisations (FIEO), the Indian exports (merchandise and services) reached a record level of $210.31 billion in April-June period – up from $198 billion in the same quarter last year – which is a powerful testament to the resilience and agility of Indian exporters. How did India's agri-exports perform in Q1 FY26?
In a significant good news, India's exports of agricultural and processed foods got off to a great start in FY26, growing 7 per cent year-on-year to $5.96 billion in the April–June quarter (Q1 FY26). The centre-piece of India's agricultural exports is still rice. The shipments of both non-basmati and basmati rice increased by 3.5 per cent to $2.9 billion in Q1.
As per the official data of the ministry, the massive jump comes in the shipments of both non-basmati and basmati rice after rice exports in FY25 reached a record $12.47 billion, a 20 per cent increase over the previous fiscal year.
(With inputs from agencies)
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