Goods, services exports seen at $1 trn in FY26

India’s overall exports of goods and services are expected to touch $1 trillion in the current financial year 2025-26, according to the Federation of Indian Export Organisations (FIEO) President Mr S. C. Ralhan. The country’s merchandise exports are projected to rise from $437 billion in 2024-25 to $525-$535 billion in 2025-26. Services exports are also expected to witness a robust jump from $387 billion to about $465-$475 billion this fiscal. This optimistic forecast comes after India’s total exports stood at $825 billion in 2024-25, showcasing strong momentum despite global economic headwinds. FY24 exports marked a 6.01% increase from the previous year’s $778.1 billion. While merchandise exports during April-February 2024-25 remained nearly flat at $395.63 billion, a marginal increase of 0.06% from $395.38 billion, non-petroleum exports surged by 6.43% to $337.01 billion, as per a report.

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