India's Prime Minister Narendra Modi is scheduled to undertake an official visit to Indonesia, Australia, and New Zealand from July 6 to July 11. The tour carries significant diplomatic and economic weight, with India and Australia expected to finalize a uranium supply deal during the visit. New Zealand Prime Minister Christopher Luxon had earlier announced that Modi's upcoming trip would mark his first official visit to the country.

Diplomatic Tour Overview

The multi-nation visit spans three countries across Southeast Asia and the Pacific, underscoring India's active diplomatic engagement in the region. A key highlight of the Australia leg is the anticipated finalization of a uranium supply agreement between the two nations, marking a major milestone in bilateral energy cooperation.

India's Trade Minister has reported strong export momentum for the April to June period, with goods exports rising by approximately 15% and services exports growing by about 11%. Building on these figures, the minister has also predicted that goods exports will increase by 16-17% for the full year, signalling continued confidence in India's external trade outlook.

Export Performance Overview

The Trade Minister's report highlights encouraging trends across India's two primary export segments. The following table summarizes the reported export growth figures alongside the minister's full-year forecast:

Goods and Services Trade Trends

The approximately 15% rise in goods exports for the April to June period underscores strengthening demand for Indian merchandise in international markets. Services exports, which grew by about 11% during the same timeframe, also demonstrated resilience, contributing to the overall positive trade trajectory. Together, these figures indicate a broad-based improvement in India's external trade performance across both tangible and intangible export categories.

Full-Year Outlook

The Trade Minister's prediction of 16-17% growth in goods exports for the full year reflects the government's assessment of India's trade trajectory. This forecast builds on the April to June performance and provides a broader perspective on the expected scale of merchandise export expansion. The minister's announcement underscores the government's focus on tracking and communicating trade performance at both quarterly and annual levels.

Key Highlights

• Goods exports increased by approximately 15% for April to June
• Services exports rose by about 11% for the same period
• Trade Minister predicts goods exports to grow 16-17% for the full year
• Growth recorded across both merchandise and services trade segments