India's Exports Reach Record $863 Billion in FY26, Driven by Services and Trade Agreements
India's total exports hit an all-time high of $863 billion in fiscal year 2025-26, up from $468 billion in FY 2014-15, according to a Commerce Ministry official. The growth was driven by a surge in services exports (up to $421 billion) and merchandise exports ($442 billion), with services growing at a 9.3% compound annual growth rate. The achievement reflects India's expanding role in global value chains, supported by new trade agreements with the EU, EFTA, and other partners.
India's exports reached a record $863 billion in FY 2025-26, representing a compound annual growth rate of 5.7% over the past decade, according to Nitin Kumar Yadav, Additional Secretary at the Union Ministry of Commerce. Services exports surged significantly to $421 billion at a 9.3% CAGR, while merchandise exports grew to $442 billion. Non-petroleum exports also hit a new record of $387.9 billion, demonstrating the diversity of India's export base. The growth has been supported by landmark trade agreements including the India-EFTA Trade and Economic Partnership Agreement (backed by $100 billion in FDI commitments with 98% duty-free access for Indian exports) and the India-EU FTA covering 27 high-income economies. Regional opportunities are being emphasized, with Punjab positioned for growth in textiles, engineering, and agriculture, while Haryana is highlighted for rice, buffalo meat, and dairy products.
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India's Exports Hit Record $863 Billion In FY26: Commerce Ministry
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