According to data from the commerce ministry, the regions of Africa, Asean, and New Delhi were the main drivers of India's export growth in the first two months of the current fiscal year. Exports increased 16.09% year over year to USD 88.91 billion in April and May of 2026–2027.

According to the report, trade to Africa increased by 53.1% to USD 9.6 billion from USD 6.3 billion a year before, while exports to Asean (Association of South East Asian nations) increased by 66.9% to USD 10.5 billion. Together, these two areas have increased exports by more than USD 7.6 billion when compared to the same time last fiscal year, making up a sizeable portion of India's total export growth.

Additionally, despite moderate growth, India's top export destination remained NAFTA (the United States, Canada, and Mexico), with trade increasing 2.6% to USD 19.3 billion from USD 18.8 billion, while exports to Europe grew 4% to USD 17 billion from USD 16.4 billion.

While exports to South Asia increased by 40.2% to USD 6.1 billion, North East Asia saw a strong gain of 30.7% to USD 8.3 billion.

More than half of India's exports now come from regions outside of North America and Europe, according to the data, highlighting the nation's policy of diversifying export destinations in the face of uncertain global economic conditions.

India's expected total exports of goods and services from April to May of FY27 were USD 162.69 billion, a 14.66% increase over the same period last year.