Resilient export growth continues; India crosses $714 billion in FY26 (Apr
India’s total exports of merchandise and services rose to USD 714.73 billion during April-January of FY 2025-26, marking a growth of 5.26 per cent over USD 679.02 billion recorded in the same period last fiscal, according to data shared by the government.
The steady rise in exports comes despite global economic uncertainties, supply chain disruptions, and fluctuating commodity prices, reflecting the resilience of India’s trade sector.
Over the longer term, India’s exports have maintained a consistent growth trajectory. Between FY 2021–22 and FY 2024–25, exports recorded a compound annual growth rate (CAGR) of 6.9 per cent, increasing from USD 497.90 billion in 2020–21 to USD 828.25 billion in 2024–25.
The government said it is focusing on strengthening the export ecosystem by combining policy support, financial incentives, and digital infrastructure to enhance India’s global trade presence. Special emphasis is being placed on enabling MSMEs to compete more effectively in international markets.
The Foreign Trade Policy (FTP) 2023 continues to serve as a key framework guiding export growth. Built on pillars such as trade facilitation, export promotion, state-level engagement, and digital integration, the policy aims to make India’s exports more competitive and adaptive to global changes.
Among the major initiatives, the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme helps neutralise embedded taxes, ensuring that Indian goods remain competitive globally.
The government has also approved the Export Promotion Mission (EPM) with an outlay of Rs 25,060 crore for the period FY 2025–26 to FY 2030–31. The mission focuses on improving access to trade finance and strengthening logistics, quality standards, and market readiness, particularly for MSMEs.
In response to rising geopolitical risks, especially in the Gulf and West Asia region, a time-bound ‘RELIEF’ scheme has been launched under the EPM. Implemented through the Export Credit Guarantee Corporation of India (ECGC), the scheme aims to mitigate export risks arising from disruptions in key maritime trade routes.
The government is also strengthening trade-related infrastructure through initiatives such as the Trade Infrastructure for Export Scheme (TIES), alongside risk coverage support from ECGC.
Digital platforms are playing a growing role in streamlining trade processes. Systems such as the Trade e-Connect portal, Common Digital Platform for Certificates of Origin, and Trade Intelligence & Analytics platform are enabling faster approvals, real-time compliance, and improved access to global market information.
India’s trade strategy is further supported by proactive trade diplomacy. The country currently has 19 Free Trade Agreements (FTAs) and has accelerated negotiations with several key partners in recent years. Agreements with the European Union, EFTA countries, the UK, and others are expected to expand market access, boost investments, and enhance services mobility.
The information was shared by Minister of State for Commerce and Industry, Jitin Prasada, in a written reply in the Lok Sabha.
