India expands export reach, enters new global markets: Yashvir Singh, Department of Commerce Additional Secretary
Bhubaneswar, June 10
India has been able to penetrate new export markets that it was not serving earlier, while the growing global acceptance of quality Indian products has further strengthened the country's export performance, Yashvir Singh, Department of Commerce Additional Secretary, said on Wednesday.
While speaking to ANI, Singh added, the financial year 2025-2026 marked a record year in terms of exports from India..." noting that "India's exports in the last 12 years have seen tremendous growth."
Expressing confidence, he further stressed that India is now able to explore new markets as the acceptance of Indian products in the global market has increased on the back of quality products.
"There are certain new markets which we are able to penetrate which we were not exporting to earlier. The acceptance of Indian products in the global market has increased because we are coming up with quality products..."
Attributing the achievement to government-led initiatives, he said Indian products gain wider acceptance in global markets.
"The initiatives taken by the government were highlighted in today's presentation as a lot of ideas and initiatives have improved the trade ecosystem, especially the export ecosystem in the country..."
India began FY27 on a strong footing in external trade, with total exports rising to USD 80.80 billion in April 2026 and the overall trade deficit shrinking to USD 7.81 billion from USD 11.16 billion in the corresponding month last year, according to Commerce Ministry data.
The figures showed that combined merchandise and services exports increased from USD 71.13 billion in April 2025 to USD 80.80 billion in April 2026. Overall imports also rose year-on-year to USD 88.61 billion, compared with USD 82.29 billion in the same period last year.
Despite higher imports, robust export growth helped narrow the country's trade gap. Merchandise exports climbed to USD 43.56 billion in April 2026 from USD 38.28 billion a year earlier, while services exports increased to USD 37.24 billion from USD 32.85 billion during the same period.
— ANI
Reader Comments
Good to hear about new markets! But I hope the benefits reach ground-level - our farmers, artisans, and small manufacturers. Often these big announcements sound great in Delhi but don't translate to better prices for actual producers. Also, we need to be careful about trade deficits - importing more can hurt our local industries. Let's see how the next quarter data looks.
As an international trade analyst, these numbers are impressive for India. The shift from being primarily a services exporter to robust merchandise exports shows structural improvement. The narrowing trade deficit from $11.16B to $7.81B in one year is significant. However, I'd want to see which sectors drove this growth and whether it's sustainable beyond oil price effects.
Bahut achha! (Very good!) But I want to see which new markets we've entered - Africa? Latin America? Those are the future growth hubs. Also, while exports are up, we need to check if this is real growth or just price effects due to inflation. And what about our trade with neighbors? Pakistan and Bangladesh trade has been affected by politics. Still, kudos to the export promotion efforts!
Impressive growth figures. The 13.6% increase in total exports year-on-year is quite strong. I'm curious about which specific products are gaining acceptance globally - is this pharma, engineering goods, textiles, or something else? Also, the services exports growth of 13.4% suggests Indian IT and professional services remain competitive. Would love more sectoral breakdown from the Ministry.
Great initiative, but the
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