India’s total exports reached a record 863.1 billion US dollars in the financial year 2025-26. The government informed Parliament yesterday that the surge was driven by strong growth in both merchandise and services exports and supported by expanding market access under the country’s free trade agreements (FTAs).
According to the Ministry of Commerce and Industry, merchandise exports stood at 441.8 billion dollars, while services exports reached 421.3 billion dollars, reflecting the combined strength of both sectors in driving the country’s export growth. The Ministry said India’s recent trade agreements have significantly expanded export opportunities, particularly with the United Arab Emirates (UAE), the United Kingdom, Australia, Oman and EFTA countries, while also helping diversify export markets and strengthen labour-intensive sectors.
Among FTA partners, merchandise exports in the financial year 2025-26 were highest to ASEAN countries at 38.42 billion dollars, followed by the UAE at 37.36 billion dollars, SAFTA countries, the UK and Singapore. The Ministry highlighted the growing utilisation of India’s recently operationalised trade agreements through the increasing use of Certificates of Origin and wider product coverage.
