India’s exports grow 5.79% to US$ 790.86 billion between April 2025-February 2026
- IBEF
- March 17, 2026
India's total merchandise and service exports experienced continuous growth throughout the fiscal year, reaching US$ 790.86 billion (Rs. 72.76 lakh crore) from April 2025 to February 2026 which represents a 5.79% increase compared to US$ 747.58 billion (Rs. 68.78 lakh crore) in the same period of the previous year according to data released by the Ministry of Commerce and Industry. Growth was supported by strong performance in sectors including engineering goods, electronics, chemicals, gems and jewellery, and agri-based products. The merchandise exports during April-February in FY2026 reached US$ 402.93 billion (Rs. 37.07 lakh crore), which showed an increase of 1.84% when compared to US$ 395.66 billion (Rs. 36.40 lakh crore) from the same period in FY2025. Non-petroleum exports also showed improvement, rising to US$ 354.12 billion (Rs. 32.58 lakh crore), up 5.03% from the previous year. The period saw an increase in merchandise imports, reaching US$713.53 billion (Rs. 65.64 lakh crore), resulting in a merchandise trade deficit of US$310.60 billion (Rs. 28.58 lakh crore).
The services sector in India maintained its essential function by driving export expansion throughout the country. The period from April to February in the FY2026 saw services exports reaching US$ 387.93 billion (Rs. 35.69 lakh crore), which exceeded the previous year's US$ 351.93 billion (Rs. 32.38 lakh crore), creating a services trade surplus of US$ 200.96 billion (Rs. 18.49 lakh crore). India's export value for February 2026 reached US$ 76.13 billion (Rs. 7.00 lakh crore), which represented an 11.05% increase compared to the previous year, while import value reached US$ 80.09 billion (Rs. 7.37 lakh crore). The month experienced notable export growth across multiple industries, which included engineering goods, electronic goods, chemicals, gems, jewellery, meat, dairy, and poultry products. The sectors of pharmaceuticals, marine products, rice, handicrafts, and coffee also recorded positive performance. Exports to China, Hong Kong, Vietnam, Togo, and Sri Lanka registered significant growth, while shipments to major markets such as the United States and the United Arab Emirates also showed strong momentum.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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