India’s Sept exports rise 23% as trade deficit narrows; shipments to US rise 11%

India’s merchandise exports rose to $44.40 billion in September 2026, marking a significant year-on-year increase. Overall exports, including services, also grew to an estimated $80.75 billion during this period. Despite rising imports to $94.05 billion, the merchandise trade deficit narrowed to $30.21 billion. Negotiations for a trade agreement with the US are reportedly progressing towards an early conclusion.