India’s total exports of merchandise and services hit a record high of $863.11 billion in the financial year 2025-26, marking a 4.6% increase from the previous fiscal year’s $825.26 billion. Merchandise exports grew by 0.93% to $441.78 billion, while services exports surged by 8.71% to $421.32 billion, showcasing strong global demand for India’s IT services and business solutions.
Despite challenges like disruptions in ship movements and demand uncertainties, India saw a significant rise in exports. The first three weeks of April alone witnessed a 20% year-on-year increase in overall exports, driven by heightened demand for petroleum products and electronic goods.
Notably, petroleum products like diesel and jet fuel saw a spike in exports due to disruptions in the Gulf countries caused by the closure of the Strait of Hormuz. Additionally, India’s electronics exports have flourished, with companies like Apple establishing manufacturing facilities in the country.
Commerce and Industry Minister Piyush Goyal highlighted the export growth in April, emphasizing the resilience of domestic exporters amid global challenges. He also mentioned the strategic importance of free trade agreements in boosting India’s exports and the need for alternative routes for exports to West Asia.
