India's FY26 imports rise to $0.99T, drop to 25% of GDP

India's FY26 imports rise to $0.99T, drop to 25% of GDP. India’s merchandise imports reached $0.99 trillion in FY26, marking a significant increase in value but a declining share of GDP—falling to 25% from a peak of over 30% in FY13. This reflects stronger domestic production and import substitution trends. A reduced import-to-GDP ratio signals improving trade balance and economic resilience.
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