Mumbai, July 29 -- Department of Economic Affairs stated in a latest monthly update that in light of the shifting global trade patterns, India's trade performance in Q1 FY26 reflects resilience. The country's total exports (goods & services) have registered a growth rate of 5.9 per cent (YoY) in Q1 FY26, reaching USD 210.3 billion. While merchandise exports have grown by 1.9 per cent (YoY), services exports grew by 10.9 per cent (YoY) during the period. This strength in the services exports has generated a net services surplus of USD 46.9 billion, which narrowed the trade deficit to USD 20.3 billion, a reduction of 9.4 per cent compared to Q1 FY25.

During the same period, core merchandise exports continued to grow strongly by 7.2 per cen...