Economy & Bankingv13 · 13 versions
India's Foreign Trade - FY 2026-27
This card tracks India's goods and services trade through the Commerce Ministry's monthly quick estimates, together with the trade agreements that shape it. The India-New Zealand FTA now has a start date, 20 October 2026, with duty-free entry for all Indian exports, while August exports of US$ 82.68 billion took the year's running total to US$ 399.27 billion.
Last updated 8 October 202615 min read
Latest update
Adds India's place among 15 economies backing a USTR-issued statement on structural excess capacity, and Goyal's 8 October reaffirmation of the US$ 1 trillion export goal.
- foreign trade
- exports
- free trade agreements
- Piyush Goyal
- Export Promotion Mission
- Directorate General of Foreign Trade
- trade deficit
- merchandise exports
- services exports
- India-MERCOSUR PTA
- India-New Zealand FTA
- RCMC
- Authorised Economic Operator
- DGFT
- software services exports
- ITES exports
- RBI annual survey
- structural excess capacity
- CII Partnership Summit
- USTR
Read the full living note — free
The complete note in both exam lenses (UPSC analytical / fact capsule), its full version history, and “what changed since you last read” — plus tonight's quiz.
Open in CA·WikiAI-assisted, human-reviewed · sourced from PIB, RBI & ministries · editorial policy
More living notes in Economy & Banking
- India's Pharmaceutical SectorAdds the 30 percent-of-MRP cap on cancer-drug trade margins and the draft curb on prescription-drug advertising by sellers; a new section explains NPPA, the DPCO and trade margins.
- SEBI Regulatory Actions 2026Opened SEBI's 2026 decision log with its exam core and the 7 October circular making a six-level, colour-coded Credit Risk-o-Meter compulsory for debt securities.
- New GDP Series (Base Year 2022-23)Adds the NSO's 9 October draft guideline for States to compile expenditure-side GSDP on the 2022-23 base; no State yet estimates private consumption.
- GST 2.0 — The Two-Slab ReformAdds the 57th GST Council's recommendations — arrest powers dropped, prosecution threshold to ₹5 crore, ₹10,000 notice floor, faster refunds — and trims the note to its exam core.
- India's Maritime & Shipping ReformsLogs the third Sagarmanthan dialogue (shipping ministry with ORF, 7 October 2026) and the India-EU Green Shipping Corridor coalition launched there; older log entries compressed.
- India's Balance of Payments AccountUpdates foreign exchange reserves to US$734.6 billion on 2 October 2026, down from the US$785.7 billion record of 4 September.