India’s total exports of goods and services have seen a significant rise, increasing by nearly 85% from $468 billion in 2014-15 to $863 billion in 2025-26. Over the past 12 years, there has been an annual growth of 5.7% in total exports, with the services sector experiencing a notable increase of over 9% in exports.
The export of goods has particularly shown a remarkable growth, escalating from $310 billion in 2014-15 to $442 billion in 2025-26. This growth is attributed to a surge in the export of engineering goods and electronic products, showcasing the country’s expanding manufacturing capacity and the shift towards high-value goods in the export mix.
In the services sector, exports have surged from $158.1 billion to $421.3 billion during the same period. The share of services in India’s total exports has risen from 33.8% in 2014-15 to 48.8% in 2025-26. This growth is fueled by the rapid expansion of the IT sector, the rise of global capability centers (GCCs), and the increased adoption of digital service delivery post-pandemic.
Software services, accounting for more than 40% of total services exports, continue to be the primary growth driver, followed by professional and management consulting services. The Commerce Ministry has implemented various measures to boost exports, including streamlining processes, automated foreign trade policy procedures, and the initiation of an export promotion mission.
Despite global market uncertainties due to the West Asia crisis, India’s exports have shown resilience and strong growth in the current fiscal year. In May, the country’s merchandise exports surged by 18% to $45.2 billion compared to the same month last year, marking one of the highest monthly export growth rates. This growth trend follows a successful April, where merchandise exports reached $43.56 billion, representing a 16.09% growth over the same period last year.
