India’s Export Growth Is Shifting Towards Asia and New Growth Markets
H1 2026 export growth was driven increasingly by Asia, Africa and fast-growing markets including Singapore, China and South Africa
H1 2026 export growth was driven increasingly by Asia, Africa and fast-growing markets including Singapore, China and South Africa
India leads despite slowing in 2026; Thailand is gaining momentum; China is stabilising and Indonesia is slipping back into contraction
Manufacturing wages have risen almost tenfold since 2000, but remain well below advanced manufacturing economies
India's merchandise trade exceeded USD 1.2 trillion in 2025, with exports remaining resilient and imports continuing to expand through 2026
Global FDI rose to USD 1.62 trillion in 2025, with Asia remaining the largest destination and India attracting record inflows
PPP-adjusted GDP trends show China surpassing the U.S. economy in 2014 and India expanding rapidly in economic scale.
Energy, electronics and industrial inputs continue to dominate India's imports, highlighting persistent external dependence.
Asia's scale, speed and integration are no longer concentrated in a single core, but spread across multiple, complementary engines.
Fast-growing Asian economies span frontier markets, manufacturing hubs and large domestic systems, highlighting uneven pathways to scale.
India provides the region's industrial scale and Bangladesh is driving the fastest export-led expansion.