India’s 26% goods exports surge lowers August 2026 trade deficit
India's merchandise exports surged 26.1% in August 2026, reaching $43.8 billion, outpacing import growth of 14%, which totaled $70.7 billion. This marked the first instance where export growth exceeded imports in both percentage and absolute terms, according to Commerce Secretary Rajesh Agrawal. The trade deficit is expected to continue improving as export momentum builds.