New Delhi: India’s export sector has witnessed remarkable growth over the past 12 years, with total exports of goods and services rising from $468 billion in 2014-15 to $863 billion in 2025-26, according to data released by the Ministry of Commerce and Industry.
The figures indicate an overall increase of nearly 85 per cent, with exports registering an average annual growth rate of 5.7 per cent during the period. The services sector emerged as a major driver of this expansion, recording growth of more than 9 per cent.
Merchandise exports increased from $310 billion in 2014-15 to $442 billion in 2025-26. Strong performances in engineering goods and electronic products have contributed significantly to this rise, reflecting India’s growing manufacturing strength and shift toward higher-value exports.
Services exports recorded even stronger growth, climbing from $158.1 billion to $421.3 billion over the same period. As a result, the sector’s share in India’s total exports increased from 33.8 per cent to 48.8 per cent. The expansion has been fuelled by the booming IT industry, the rise of Global Capability Centres (GCCs), and increased demand for digitally delivered services following the pandemic.
Software services continue to be the backbone of India’s services exports, contributing more than 40 per cent of the total. Professional and management consulting services have also emerged as key growth areas.
The Commerce Ministry attributed the export surge to a series of trade facilitation measures, including the simplification of 47 procedures, automation of Foreign Trade Policy processes, quicker issuance of Importer Exporter Codes, and the launch of an export promotion mission.
Export momentum has remained strong in the current fiscal year despite global economic uncertainties and geopolitical tensions. Merchandise exports grew 18 per cent year-on-year to $45.2 billion in May, following a rise to $43.56 billion in April.
Commerce Secretary Rajesh Agrawal described the May performance as one of the strongest monthly export growth achievements in recent years.
During the April-May period of FY2026-27, India’s merchandise exports reached $88.91 billion, registering a growth of 16.09 per cent compared to the corresponding period last year.
With inputs from IANS