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Trade headwinds

Financial Express Mumbai

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March 23, 2026

The silver lining is the rapid growth in India's exports to China

THE LATEST TRADE numbers for FY26 till February offer contrasting insights on India's performance vis-à-vis its two biggest partners, China and the US, which together account for a quarter of its trade with the world.

If one focuses on exports, the good news is that China has become our third-largest destination, rapidly expanding year-on-year (y-o-y) by 37.7% while India's overall exports were up by only 1.84%. The most important destination—the US, however, is showing signs of flagging as our exports to that country were up by only 3.84%. No doubt, the higher growth in India's exports to the dragon reflects a low base but there are welcome signs of change from the stereotypical pattern of India exporting mainly raw materials like iron ore and intermediates for plastics while importing manufactured goods.

Financial Express Mumbai

यह कहानी Financial Express Mumbai के March 23, 2026 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

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