World export growing at 2.5%, India’s at 7.1%: World Bank
Oct 8, 2025
The journey of Indian exports is a result of innovation with global integration. Starting from the Silk Route to post-liberalisation boom, exports have been diversified from spices and textiles to technology, pharmaceutical and engineering goods. According to World Bank Data, the world’s export is growing at 2.5%, whereas India’s export is growing at 7.1% (2024), outpacing global growth and indicating the progress of the country on the international front. The share of exports in Indian GDP has increased from 19.8% in 2015 to 21.2% in 2024, which also indicates the growing relevance of exports in the Indian economy (World Bank).
India’s trade performance continued its trend of growth in the first five months of FY 2025-26 too:
* 5.19% growth in total exports (merchandise and service exports combined) in April-August 2025 vs. April-August 2024
* Total export value for April-August 2025 stood at USD346.10 billion, compared to USD329.03 billion in April-August 2024
* The share of merchandise exports in April-August 2025 was 53.09%
* Service exports accounted for 46.91% in April-August 2025
* 4.77% growth in exports experienced in August 2025 vs. August 2024
Acknowledging this growth trajectory, the government has also set a target of USD1 trillion of exports in the current financial year 2025-26, of which 34.61% has already been achieved in the first five months.
Catalysed by government reforms, digital transformation and entrepreneurial spirit, India’s export sector stands at the cusp of new possibilities, capturing the world’s attention and reshaping the story of ‘Atmanirbhar Bharat’ on the global stage.
Merchandise export on the up
India’s merchandise export is on an upward trajectory in 2025. It registered healthy growth of 2.31% in April-August 2025 where exports were USD183.74 billion as compared to USD179.60 billion during April-August 2024.
However, of the five months, 19% of the merchandise exports happened in August 2025 only, with 6.65% rise from last year.
India’s non-petroleum and non-gems & jewellery exports rose to USD146.70 billion in April-August 2025 from USD 136.13 billion a year earlier, reflecting strong growth of 7.76%. This category highlights India’s export strength, driven by engineering goods, electronics, pharmaceuticals, chemicals and others.
Commodities such as electronic goods, tea, mica & coal, textiles etc. registered impressive growth in April-August 2025 compared to last year, highlighted an official release.
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