Commerce and Industry Minister Piyush Goyal recently chaired a session with officials from the Department of Commerce and the Department for Promotion of Industry and Internal Trade. The focus was on enhancing global exposure for Indian businesses, boosting exports, and attracting investments. Goyal emphasized the need to strengthen export promotion efforts and expand industry participation across the country.
During the financial year 2025-26, India’s total exports of goods and services reached a record high of $863.11 billion, showing a 4.6% increase from the previous fiscal year. Despite challenges like disruptions in shipping and market uncertainties, merchandise exports grew by 0.93% to $441.78 billion. Services exports also saw significant growth, reaching $421.32 billion, driven by global demand for India’s IT services and professional expertise.
In the first three weeks of April, overall exports surged by over 20% year-on-year, despite disruptions in the global supply chain. Notably, there was a notable increase in exports of petroleum products and electronic goods during this period. India’s electronics exports have been on the rise, with companies like Apple establishing manufacturing units in the country.
Goyal highlighted the positive trend in exports during the initial weeks of April, attributing it to the enthusiasm among Indian exporters even amidst global conflicts. The efforts aim to further enhance global exposure for Indian businesses and tap into new markets for sustained growth.
