India’s exports hit record USD 863 billion in FY26

India’s combined goods and services exports rose 4.59 per cent to a record USD 863.11 billion in 2025-26, driven mainly by strong growth in services exports. Merchandise exports also registered modest growth despite global economic uncertainties and challenges in international trade

New Delhi: India’s goods and services exports rose 4.59 per cent to an all-time high of USD 863.11 billion during 2025-26, up from USD 825.26 billion in 2024-25, despite global economic uncertainties, according to revised Commerce Ministry data.

Merchandise exports grew 0.93 per cent to USD 441.78 billion in the last fiscal year from USD 437.70 billion in 2024-25, the data showed.

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“Despite global uncertainties and challenges in goods trade, India’s merchandise exports maintained their upward trajectory, contributing significantly to the total export basket,” an official said.

The standout performer, however, remained services exports, which surged to an all-time high of USD 421.32 billion in 2025-26, compared to USD 387.55 billion in 2024-25, recording a growth of 8.71 per cent.

“This sharp rise underscores the expanding global demand for services such as IT, business solutions, and professional expertise, reinforcing the country’s strength in the services sector,” the official added.