New Delhi, May 7 (BNP): India’s export sector has started the new financial year on a strong note, recording more than 20 per cent growth in the first three weeks of April despite rising geopolitical tensions and disruptions in global trade routes linked to the West Asia conflict.

According to the Ministry of Commerce and Industry, the sharp rise in exports reflects resilient global demand for Indian goods even as international supply chains face uncertainty due to the ongoing crisis in the Middle East.

Among the key drivers of growth were petroleum products and electronic goods, both of which witnessed strong overseas demand during the period between April 1 and April 21.

Industry observers said exports of refined petroleum products such as diesel and aviation fuel received a boost as disruptions around the Strait of Hormuz affected normal supply flows from Gulf nations. The strategic waterway remains a critical route for global oil shipments, and tensions in the region have pushed up international energy prices.

India’s coastal refineries appear to have benefited from the shifting trade dynamics, helping increase exports of fuel products to several markets.

At the same time, electronic goods continued to emerge as a major strength for India’s export economy. Growing global demand for smartphones, consumer electronics, and communication equipment has significantly expanded the country’s presence in international markets.

The expansion of manufacturing operations by global technology companies, including Apple, has further accelerated India’s electronics exports in recent years.

Commerce and Industry Minister Piyush Goyal said exporters remain optimistic despite the challenging global environment. He noted that shipments to West Asia are continuing through alternative routes as the Strait of Hormuz remains under pressure.

The minister also expressed confidence that India’s recently concluded free trade agreements would provide long-term support to domestic industries and help expand access to global markets.

India’s electronics exports have witnessed remarkable growth over the past decade. Between 2016 and 2024, exports from the sector increased nearly fivefold to over $42 billion, reflecting the country’s growing role in global manufacturing and supply chains.

A recent report by NITI Aayog highlighted that electronics has now become one of India’s largest export categories, supported by rising investments, policy incentives, and expanding domestic production capabilities.

The sector has also become increasingly important for industries such as telecom, renewable energy, defence, and automotive manufacturing, strengthening its role in India’s broader industrial growth story.

To further support the industry, the Union Budget allocated ₹40,000 crore under the Electronics Components Manufacturing Scheme, aimed at boosting domestic production capacity and reducing import dependence.