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India’s commercialized equilibrium stood astatine a shortage of astir $4 cardinal successful February 2026, compared with a surplus of $2.7 cardinal successful February past year, owed successful ample portion to Indian merchandise exports remaining level portion imports of some merchandise and services grew importantly during the month.
While releasing the data, Commerce Secretary Rajesh Agrawal said that India’s exports successful March are apt to beryllium impacted by the ongoing struggle successful West Asia.
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According to information released by the Ministry of Commerce and Industry connected Monday, India’s full exports, including merchandise and services, grew 11% to $76.1 cardinal successful February 2026. Total imports, however, grew 21.7% to $80.1 billion.
Within this, merchandise imports widened their spread implicit exports. Merchandise exports remained mostly level astatine $36.6 cardinal successful February 2026 compared with $36.9 cardinal successful February past year. Merchandise imports, connected the different hand, grew 24.2% to $63.7 cardinal implicit this period.
Mr. Agrawal said that this concern is apt to worsen successful March 2026 owed to the ongoing situation successful West Asia.
“Despite each of the challenges, our merchandise exports person been doing well,” Mr. Agrawal said astatine a property briefing. “The period of March volition beryllium a challenging 1 arsenic well, due to the fact that of excessively galore logistics challenges, and erstwhile 1 portion of the geography gets constrained, past excessively overmuch of exports volition not happen. Exports volition apt spot a downward inclination this period due to the fact that of the logistical challenges.”
In February 2026, services exports grew astir 25% to $39.5 billion, portion imports grew astir 13% to $16.4 billion.
