India’s exports registered growth despite global economic uncertainties. According to government data, the country’s exports increased by 8.5% in the July-September quarter of fiscal year 2026. NITI Aayog Senior Lead Prawakar Sahu said that the biggest indicator of this quarter is that India’s export performance has been strong, while import growth has been relatively limited.
He said that the growth of imports during this period was recorded at about 4.5 percent, which is a positive sign from the trade balance point of view. The remarks were made on the occasion of the release of the sixth edition of ‘Trade Watch Quarterly’, which presents an analysis of India’s trade trends and opportunities.
- According to the report, in this quarter goods and services There was a similar growth in exports of both of them at about 8.5 percent.
- India’s top export sectors About 89 percent of total shipments Took.
- in these 7.7 percent increase on annual basis In which North America and European Union were prominent.
- Whereas import growth is mainly East Asia and Latin America Due to increasing demand.
Special focus on electronics market
Sahu said that the size of the global electronics market is about 4.6 trillion dollars, in which India’s share is currently about 1 percent, and there is huge potential to increase it. Referring to the provision of Rs 40,000 crore for electronics component manufacturing in the Union Budget, he said that now emphasis is being laid on component manufacturing along with assembly.
Phone exports reached the level of nearly 50 billion dollars
According to the report, electronics has emerged as the second largest sector in India’s export basket and mobile phone exports have reached the level of around $50 billion. However, the electronics trade deficit has widened over time to nearly $60 billion from $35 billion in 2016, largely due to strong domestic demand and dependence on component imports.
Growing importance of South-South trade
Sahu also highlighted the growing importance of South-South trade. India’s exports to developing countries have increased from $56 billion in 2005 to $250 billion, reflecting the diversification of the export market.
India signed around eight to nine FTAs
On Free Trade Agreements (FTAs), he said India has signed about 8-9 FTAs, which have led to reduction in tariff and non-tariff barriers and better market access to various sectors, especially electronics.
What about labor force participation?
On the concerns being raised regarding labor availability, Sahu clarified that it is not an issue of shortage but of increasing labor participation. He said there is ample evidence of growth in labor force participation over the last five years and India’s export performance shows resilience even amid global uncertainties.
