India’s export sector showed marginal resilience in the face of global challenges, with total exports inching up by 0.1% to $395.6 billion during the April 2024-February 2025 period, according to official data. However, the sheen of this growth was dulled by a sharp 10.9% YoY decline in merchandise exports for February 2025 alone, attributed largely to base effects and sluggish global demand.