New Delhi, Dec. 18 -- India's goods exports are expected to contract by around 1 per cent in FY26, compared to a marginal growth registered last year, according to a report by CareEdge Ratings.

The report highlighted that while goods exports have weakened in recent months, services exports have continued to remain healthy and resilient, but they have also slowed down.

It stated "We project India's goods exports to contract by around 1 per cent in FY26 as against a growth of 0.1 per cent in FY25".

CareEdge Ratings noted that the slowdown in goods exports is due to the imposition of US tariffs, which has affected global trade conditions. As a result, India's merchandise exports have shown subdued performance, especially during the April-...