ASEAN, Africa lead India's export growth
India's exports grew 16.09% year-on-year to USD 88.91 billion in the first two months of fiscal year 2026-27, driven primarily by significant increases in shipments to ASEAN and African regions. Exports to ASEAN surged 66.9% to USD 10.5 billion, while those to Africa rose 53.1% to USD 9.6 billion, contributing over USD 7.6 billion to the overall growth. This trend highlights India's strategy to diversify its export destinations, with regions outside North America and Europe now accounting for over half of total exports.