The Federation of Indian Export Organisations (FIEO) commended the Economic Survey 2025-26 for laying a robust groundwork for policy reforms aimed at enhancing export growth, streamlining logistics efficiency, reducing input costs, broadening market access, and strengthening India’s position in global value chains. Emphasizing the pivotal role of the external sector in ensuring stability, growth, and global confidence, the industry body welcomed the Survey’s insights.
India witnessed a significant surge in total exports, reaching a historic high of $825.3 billion in FY25, with services exports contributing significantly at $387.6 billion, marking a growth of 13.6 percent. FIEO underscored the milestone achievement in non-petroleum exports, highlighting successful diversification strategies that have mitigated exposure to global commodity price fluctuations.
S C Ralhan, President of FIEO, lauded India’s remarkable export performance, robust foreign exchange reserves, and a favorable current account position as a testament to the government’s persistent policy reforms and the enhanced competitiveness of Indian exporters and service providers. The Economic Survey 2025-26, according to Ralhan, solidifies India’s position as a reliable and indispensable global trading partner amidst ongoing global economic uncertainties.
Recognizing India’s escalating share in global merchandise and services exports, Ralhan pointed out the government’s strategic export vision as a driving force behind this growth. The increasing dominance of non-petroleum and non-gems exports signifies a positive shift towards advanced manufacturing capabilities, enhanced value addition, and a more diverse export portfolio, reflecting India’s evolving export landscape.
FIEO also appreciated the Survey’s acknowledgment, based on UNCTAD analysis, of India’s prominent status among the world’s leading economies in terms of trade partner diversification. The report’s mention of a moderate current account deficit, record remittances amounting to $135.4 billion, and foreign exchange reserves exceeding $700 billion further highlighted India’s adept external sector management, ensuring a substantial import cover of nearly 11 months.
