India’s merchandise exports have continued with commendable growth rate by registering a remarkable growth rate of 27.59% in March 2017 to value at USD 29.23 billion as compared to USD 22.91 billion during March 2016. On the other hand, India’s merchandise imports also witnessed an expansion to USD 39.66 billion in March 2017 as compared to USD 27.31 billion during the same period of previous year with a growth rate of 45.25%