India's merchandise exports declined by 7.1% year-on-year in March 2026, according to preliminary data released by the government. The contraction follows a period of volatility and comes amid heightened global trade tensions.
Analysts point to several factors for the downturn, including ongoing trade disputes and weaker demand in key markets. The figures suggest a challenging environment for India's export sector as it navigates these headwinds.
While the March data shows a decline, the full fiscal year 2025-26 picture may show more resilience. Officials and industry bodies are monitoring the situation closely, with a focus on diversifying trade partnerships and enhancing competitiveness.
