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Markets2h 48m ago
India is becoming more export-dependent on advanced G7 markets while reducing import dependence on them, according to a Rubix report.
New Delhi, India
Who
India, G7 countries
What
India is becoming more export-dependent on advanced G7 markets while reducing import dependence on them, according to a Rubix report.
When
Mon, 15 Jun 2026 09:38:27 GMT · 2h 48m ago
Where
New Delhi, India ·
Why
The shift in trade patterns indicates market diversification on the import side and export concentration in high-value developed economies.
The Frontline Impact
How this affects you
India's merchandise trade with G7 countries increased to USD 263 billion in FY2026, though its trade surplus with the bloc narrowed to USD 13 billion due to rising imports and stagnant exports. Despite this, India maintains a trade surplus with the US, Canada, Italy, and the UK, and is emerging as a high-value manufacturing hub, particularly for smartphones and telecom equipment.
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