India's exports recorded strong growth in April 2026, with merchandise exports standing at ₹3,70,000 crore ($43.6 billion) while services exports reached ₹3,16,000 crore ($37.24 billion), according to official trade data. This performance reflects rising global demand across multiple sectors, with several major industries contributing significantly to the export growth. Electronics exports in particular saw strong growth, highlighting India's expanding manufacturing and supply chain capabilities. The latest figures are being viewed as another boost for initiatives such as Make in India, domestic manufacturing expansion, and India's push to strengthen its position in global trade and industrial production.
On the import side, merchandise imports were reported at ₹5,93,000 crore ($71.9 billion) while services imports stood at ₹1,33,000 crore ($16.66 billion) during April 2026. India's overall trade deficit stood at ₹6,61,000 crore ($7.81 billion), showing a significant improvement from ₹10,66,000 crore ($11.16 billion) during the same period last year. This improvement in the country's overall trade balance demonstrates enhanced export competitiveness and better management of import requirements across various sectors.
During PM Modi's recent short visit to the UAE, significant investment announcements were made that will substantially boost India's energy security and industrial capabilities. The UAE has committed to store up to 30 million barrels in India's Strategic Petroleum Reserves, providing crucial energy security for the country. Additionally, a $3 billion long-term LNG agreement has been signed between the two nations, strengthening India's natural gas supply chain. These commitments represent major strategic partnerships that will enhance India's energy infrastructure and industrial competitiveness.
PM Modi's recent visit to the Netherlands marked a significant advancement in India's global diplomatic engagement, with strong emphasis on water management, clean energy, semiconductors, and cultural cooperation. The visit resulted in the signing of 17 key agreements between the two nations, demonstrating deepening economic and technological partnership. The diplomatic engagement also included the return of invaluable Chola-era heritage, highlighting cultural cooperation and historical preservation efforts. This visit further reinforces India's expanding global leadership and strategic partnerships across multiple sectors.
India's net Foreign Direct Investment (FDI) has experienced a significant decline over recent years, according to data from the Asian Development Bank. During 2021-22, India attracted USD 38.6 billion in net FDI, which dropped to USD 28 billion in FY23 and further fell to USD 10.2 billion in FY24. Net FDI came down significantly to single digit levels of USD 1 billion in FY25 but showed improvement to USD 3 billion during the April-December period of FY26. As per ADB Chief Economist Albert Park, the government should continue reducing import tariffs to ensure foreign investments remain competitive and strengthen the overall manufacturing ecosystem by developing industrial zones with robust infrastructure and integrated facilities.
