India’s Merchandise Exports Surge: Who Bought What, Where?

India’s merchandise exports rose 17% during April-July 2026-27, outpacing overall exports growth. But the trade story is more nuanced: engineering goods, petroleum products and electronics led shipments, while the US remained the largest destination. At the same time, imports grew faster, widening pressure on India’s merchandise trade balance and outlook. Here's a BT explainer.