Business · Analysis
India Grew Exports 16%. So Why Are Experts Worried?
TL; DR: India’s merchandise exports grew 16% in April-May 2026, and four major corporates posted solid FY26 results: Reliance Industries, Tata Motors CV, Bajaj Finance, and Nykaa. These numbers are real, but three qualifications matter. First, a large share of export growth runs through petroleum refining at Jamnagar and through trade-diversion gains in Sri Lanka and Singapore that may not survive global normalisation. Second, MSME …
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