India’s exports climbed 4.6% to an all-time high of $863.11 billion in FY26, even as global conditions stayed tough. Merchandise exports rose slightly, but the real momentum came from services, which hit a standout peak. The result points to a shift in export strength as service-led demand offsets slower global trade.
India’s services sector expanded in April, accelerating after a weaker March, driven by resilient domestic demand. While new business picked up—led by consumer services—international order growth eased, dimming future sentiment amid Middle East uncertainties. Operating expenses rose more slowly, and employment expanded at the strongest pace in ten months, signaling hiring momentum even as global demand softens.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
US services activity cooled in April as the prices index stayed elevated, with diesel, gasoline and oil costs rising amid Middle East-driven energy pressure. Construction buyers are squeezed by high interest rates, inflation and oil supply issues, forcing sellers to lean on discounts and rate buy-downs to keep deals moving.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
