India’s Export Boom: Shipments Hit Record $863 Billion in FY26

India’s export sector has achieved a historic milestone, with the country’s total exports reaching an all-time high of $863 billion in the financial year 2025-26 , reflecting the growing strength of its manufacturing, services, and agricultural sectors in global markets.

The figures were shared by Nitin Kumar Yadav , Additional Secretary in the Union Ministry of Commerce, during a convention attended by exporters, industry representatives, and farmer producer organisations in Chandigarh on Tuesday. According to the official, India’s exports have grown significantly from $468 billion in FY 2014-15 to $863 billion in FY 2025-26 , registering a compound annual growth rate (CAGR) of 5.7 per cent over the period.

A closer look at the numbers reveals strong momentum across key sectors. Merchandise exports increased from $310 billion to $442 billion , while services exports witnessed an even sharper rise, surging from $158 billion to $421 billion . The services sector recorded a robust CAGR of 9.3 per cent , highlighting India’s increasing competitiveness in areas such as information technology, business services, finance, and digital solutions.

India’s export basket has also become more diversified. Non-petroleum exports touched a record $387.9 billion , underlining the expanding contribution of sectors beyond traditional energy-related products. The achievement reflects the growing depth of India’s manufacturing ecosystem and its ability to cater to diverse international markets.

Speaking on India’s evolving trade strategy, Yadav highlighted a series of landmark trade agreements that have strengthened the country’s position in global value chains. The India-EFTA Trade and Economic Partnership Agreement (TEPA) 2025 , backed by a proposed $100 billion foreign direct investment commitment , is expected to provide duty-free access for nearly 98 per cent of Indian exports to member nations.

He also pointed to the recently concluded India-European Union Free Trade Agreement (FTA) 2026 , which covers 27 high-income economies and is projected to support Indian exports worth nearly ₹3.2 lakh crore through tariff concessions on 99 per cent of bilateral trade by value .

In addition, trade pacts such as the India-Mauritius CECPA and the India-UAE CEPA continue to expand market access for Indian businesses. The UAE has emerged as one of India’s most important trading partners, with bilateral trade already crossing $80 billion .

The Commerce Ministry official also highlighted the export opportunities available to northern states. For Punjab , sectors such as textiles, apparel, engineering goods, agriculture, and food processing hold significant growth potential. Haryana , meanwhile, continues to be a major exporter of products including Basmati rice, buffalo meat, non-Basmati rice, natural honey, dairy products, and processed food items, while emerging sectors such as pharmaceuticals and chemicals offer new avenues for expansion.

The record export performance underscores India’s growing integration with global markets and signals the country’s ambition to establish itself as a leading trade and manufacturing hub in the years ahead.