Five Key Sectors Drive India’s Merchandise Exports To Record $49.47 Billion In October

GTRI cautioned that rising export values may be driven in part by higher global commodity and input prices. (Representational image)

India's merchandise export performance registered a sharp upswing in October 2026, with a handful of major industries contributing the bulk of the growth. Engineering goods, petroleum products and electronics were among the key drivers, as shipments posted their strongest monthly expansion in five years. According to a report by the Global Trade Research Initiative (GTRI), merchandise exports jumped 45.1 per cent year-on-year to a record $49.47 billion in October.

The strong monthly performance also lifted India's cumulative merchandise exports for April-October to $309.06 billion, representing a 22 per cent increase compared with the same period last year.

Five major export categories — engineering goods, petroleum products, electronic goods, gems and jewellery, and organic and inorganic chemicals — accounted for nearly 83 per cent of the overall increase in merchandise exports during the month.

Their combined exports climbed 59.4 per cent to $34.37 billion in October, against $21.56 billion recorded in October last year.

Engineering, Petroleum And Electronics Lead Export Growth

The latest figures highlight the significant contribution made by India's major industrial and manufacturing segments to the export expansion.

Engineering…

Original source: https://www.timesnownews.com/business-economy