August, new markets offset traditional demand weakness

India’s petroleum exports surge 46% in April-August, new markets offset traditional demand weakness Singapore, Tanzania and South Africa emerge as key destinations as shipments to UAE and US decline By Navneet Singh India’s merchandise exports grew 18.8% year-on-year during April-August 2026, with petroleum exports rising 46% during the period. Non-oil exports grew 14.4% during the same period. The rise in petroleum exports marks a reversal from the declines recorded over the previous three fiscals, when petroleum exports fell by an average of 17.8% annually, as per Crisil Quickonomics. Report said that India’s oil terms of trade have improved since the…