India achieved a historic milestone in FY2025-26 as total exports reached an all-time high of US$863 billion, nearly doubling from US$468 billion in FY2014-15. The achievement highlights the country’s growing strength in global trade and reflects the success of government initiatives aimed at boosting exports, strengthening manufacturing, and expanding international market access.
According to the Ministry of Commerce, India’s export growth has been driven by strong performance in both services and merchandise trade. Services exports emerged as a key growth engine, increasing from US$158 billion to US$421 billion over the past decade and registering an impressive 9.3% CAGR. The growth was supported by rising global demand for information technology services, consulting, financial services, and digital solutions.
Merchandise exports also recorded steady growth, rising from US$310 billion to US$442 billion during the same period. Non-petroleum exports reached a record US$387.9 billion, demonstrating the diversification and resilience of India’s manufacturing and industrial sectors.
The government has attributed this performance to strategic trade agreements, improved ease of doing business, infrastructure development, and export promotion initiatives. Investments in ports, logistics networks, digital trade facilitation, and manufacturing capabilities have enhanced India’s competitiveness in international markets.
As India continues to strengthen its global trade partnerships and diversify its export basket, the country is well-positioned to achieve higher export targets and further expand its role in global supply chains.
Key Highlights:
- India's exports reached a record US$863 billion in FY2025-26.
- Exports nearly doubled compared to FY2014-15.
- Services exports increased to US$421 billion.
- Merchandise exports reached US$442 billion.
- Non-petroleum exports touched a record US$387.9 billion.
- Strategic trade agreements supported export growth.
- Improved logistics and infrastructure enhanced competitiveness.
