Why did India's trade deficit narrow in March?

India's trade deficit narrowed in March because the West Asia conflict disrupted both export and import activities.

What was India's total export achievement in FY26?

India achieved a record total export of $860 billion in fiscal year 2026.

When are new trade agreements expected to come into effect for India?

New trade agreements with the UK, Oman, and New Zealand are expected to come into effect soon, with the India-EU FTA targeted for 2026.

Home / Business and Economy / India's Trade Deficit Shrinks Amidst West Asia Conflict Disruptions

India's Trade Deficit Shrinks Amidst West Asia Conflict Disruptions

16 Apr

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Summary

India's trade deficit narrowed in March due to disruptions from the West Asia conflict.
Exports fell 7.44% and imports declined 6.5% in March, impacting trade figures.
Despite challenges, India achieved record overall exports of $860 billion in FY26.

India's Trade Deficit Shrinks Amidst West Asia Conflict Disruptions

India's trade deficit narrowed to $20.67 billion in March, a slight decrease from the previous year, as the ongoing West Asia conflict disrupted trade flows. Both merchandise exports and imports experienced a decline during the month.

Exports fell by 7.44% to $38.92 billion, while imports decreased by 6.5% to $59.59 billion in March. This period marked the initial impact of the conflict that began on February 28.