Export-Import Bank of India (India Exim Bank) forecasts India’s total merchandise exports to amount to US$ 125.3 bn, witnessing a year-on-year (y-o-y) growth of 8.7%, while non-oil exports
Export-Import Bank of India (India Exim Bank) forecasts India’s total merchandise exports to amount to US$ 125.3 bn, witnessing a year-on-year (y-o-y) growth of 8.7%, while non-oil exports are forecast to increase to US$ 113.4 bn, growing at 12.1%, during Q4 (January-March) of FY2026. Non-oil and non-gems and jewellery exports are forecast to amount US$ 98 bn, with an y-o-y growth of 5.7% during the same quarter.
Mumbai, January 31, 2026 – Ms. Harsha Bangari, Managing Director, India Exim Bank, along with Mr. Nagaraju Maddirala, Secretary, Department of Financial Services, Ministry of Finance and Ms. Brinda Miller, Chairperson of the Kala Ghoda Association inaugurated the 26th edition of Kala Ghoda Arts Festival at Mumbai today.
Export-Import Bank of India (India Exim Bank) forecasts
Positive growth in India’s exports could be as a result of strong agricultural harvest, revival in manufacturing activity and improving demand prospects in trading partners. The positive growth rate in total merchandise exports, non-oil exports, and non-oil & non-gems and jewellery exports, are likely to continue in first quarter of the next financial year. The outlook is, however, subject to risks of global trade policy uncertainty, rising geo-economic fragmentation and persisting geo-political tensions.
