India's Exports Experience Double-Digit Growth in April-May, Official Data Reveals

India's Exports See Double-Digit Growth in April-May 2026-27

India's exports have recorded a double-digit growth during the months of April and May 2026-27, according to a senior government official. The Commerce Ministry will release the trade data for May on June 15, which is expected to provide further insight into the country's trade performance.

During the two months, exports have risen significantly, with April witnessing the highest monthly outbound shipments in over four years. The country's exports rose by 13.78% to $43.56 billion in April, driven largely by petroleum products due to a surge in crude oil prices. However, this growth in exports was offset by a widening trade deficit, which reached a three-month high of $28.38 billion due to an increase in imports.

The commerce ministry is also planning to hire 1,000 people from across the country to disseminate information about free trade agreements being finalised by India. The recruitment process is currently underway, with the ministry seeking individuals who are proficient in different languages.

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India has been actively pursuing free trade agreements with various countries, including the UAE, Oman, Australia, the EFTA bloc, and Mauritius. The country has also finalised agreements with the UK, New Zealand, and the EU. Commerce and Industry Minister Piyush Goyal stated that these pacts are part of India's nine free trade agreements finalised in the last three and a half years, which cover 38 developed nations.

These agreements secure preferential market access for Indian goods and services, covering nearly two-thirds of global trade. The government's target is to achieve $1 trillion in exports in the current year and $2 trillion in exports five years from now. To achieve this goal, India is negotiating free trade agreements with Israel, Canada, the six-nation GCC block, and will soon launch talks for a trade pact with SACU (South Africa Customs Union) led by South Africa.