India's Exports Reach Record High Fueled by Services Growth

India's export sector achieved a landmark $863.11 billion in fiscal year 2025-26, marking a significant 4.6% increase from the prior period. This record performance was primarily fueled by a remarkable 8.71% surge in services exports, which reached an all-time high of $421.32 billion. These services encompass critical areas such as IT, business solutions, and professional expertise, showing India's growing strength in this sector.

Merchandise Exports Show Strength

Merchandise exports, though growing at a slower pace of 0.93% to $441.78 billion, showed strength despite global economic uncertainties and trade challenges. An official noted that the steady increase in goods trade contributed significantly to the overall export basket.

Official Commentary

Officials highlighted that the strong performance, particularly in services, reflects expanding global demand and reinforces India's strengths. The robust overall export figures are expected to boost foreign exchange reserves and support the country's economic outlook.