Exports under free trade agreements are now growing faster than imports. Outbound shipments to FTA partner countries expanded by 23.9 percent to USD 57.2 billion. The trade deficit with FTA partners narrowed from USD 34.2 billion to USD 32.6 billion. Overall merchandise exports for the four-month period reached USD 173.8 billion. This indicates an improvement in the utilization of India's trade pacts.

India’s merchandise exports have grown by more than 15 per cent in the first five months of the current fiscal despite a challenging global trade environment, Commerce and…

Indias merchandise exports are estimated to have grown by over 15% during April-August this fiscal despite global uncertainties, Commerce and Industry Minister Piyush Goyal said.…