India’s Merchandise Exports Likely to Touch $112 Billion in Q1 FY27: Exim Bank Report

New Delhi: India’s total merchandise exports are expected to reach nearly $111.9 billion during the April–June quarter of FY27, registering marginal year-on-year growth, according to the latest report by Export-Import Bank of India.

The report stated that non-oil exports are projected at $97.8 billion in the first quarter of FY27, reflecting a 3.5 per cent increase compared to the same period last year.

Meanwhile, non-oil and non-gems and jewellery exports are estimated to stand at $90.4 billion, marking around 3 per cent year-on-year growth during the quarter.

According to the bank, the expected rise in non-oil exports will likely be supported by broader geographical diversification of shipments, timely policy support and targeted emergency credit measures introduced to strengthen exporters.

The report also highlighted that recently concluded trade agreements with select countries are expected to help maintain growth momentum across several non-oil export sectors.

In addition, improving global demand and favourable exchange rate movements may further support India’s export performance in the coming months.

However, the bank cautioned that risks still remain due to global economic uncertainty, ongoing geopolitical tensions and fluctuations in international commodity prices.

India Exim Bank prepares its quarterly export projections using its in-house Export Leading Index (ELI) model, which tracks and forecasts export trends by analysing key domestic and global economic indicators influencing trade performance.

The bank also announced that its next export outlook report for the July–September quarter of FY27 will be released in the first half of August 2026.

With inputs from IANS