Core merchandise exports have recorded a 7.2% increase

India's trade performance showed strength in the first quarter of financial year 2026, as reported in the Monthly Economic Review by the Department of Economic Affairs (DEA). The report, cited by ANI, indicated total exports, encompassing goods and services, increased by 5.9 per cent year-on-year (YoY) in April-June FY26. Core merchandise exports, excluding petroleum and gems & jewellery, registered a growth of 7.2 per cent YoY.These statistics demonstrate India's robust external sector performance amidst global economic challenges. The report further claimed, "Amid shifting global trade patterns, India's trade performance remains resilient in Q1 of FY26. 

Developed nations led trade growth, whilst developing countries showed reduced performance compared to previous quarters. Trade-related uncertainty showed improvement. The Trade Policy Uncertainty Index, reaching its highest in April 2025, decreased by approximately 35 per cent month-on-month by June 2025, suggesting enhanced stability in global trade policies. Nations worldwide are increasingly adopting bilateral discussions to address trade disagreements. Additionally, countries are strengthening supply chain stability through domestic production incentives in essential sectors and geographical diversification of suppliers. These strategies seek to maintain sustainable and stable trade operations in the current divided global economic landscape.