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India’s Merchandise Exports Reach US$220 Billion in H1 FY26, Solid Growth Despite US Headwinds
India’s H1 FY26 exports hit US$220 billion, up 2.
India’s merchandise exports for April-September 2025 touched US$220 billion, up 2.9 % year-on-year despite tariffs and global softness. Exports to the United States grew 13 % to US$45 billion but its share dropped to 15 % of total exports.
Sector-wise, marine product shipments and apparel gained, while traditional segments such as gems & jewellery saw sharper contraction. Research by State Bank of India suggests the diversification in destinations helped cushion external shocks.