Current Affairs - Economy - Discussion

India's merchandise exports rose by 18% year-on-year to reach $45.2 billion in May 2026, reflecting strong performance in the country's external trade sector. During the same month, merchandise imports increased by 20.62% to $73.41 billion, resulting in a trade deficit of $28.21 billion. For the April–May 2026-27 period, total exports stood at $88.91 billion, registering a growth rate of 16.09% over the corresponding period of the previous year. The data highlights continued momentum in India's export sector despite global economic uncertainties. The Ministry of Commerce and Industry, through the Directorate General of Foreign Trade (DGFT), plays a key role in formulating policies that support and promote international trade.