India’s exports may reach US$ 950 billion in FY27 on West Asia trade pacts
- IBEF
- January 2, 2026
India's exports of goods and services are expected to hit between Rs. 76.02–76.93 lakh crore (US $840 billion and $850 billion) in FY26, before rising to approximately Rs. 86.98 lakh crore (US $950 billion) in FY27. This growth is expected to come from various initiatives including Free Trade Agreements (FTAs) between India and some West Asian Countries as well as growth in the services sector, electronics, etc. Diversification of markets and strong global demand for Indian products have supported Indian export's continuous growth. Exporters believe that even with the increasing tariffs and climate-related issues affecting the external sector, the ability of companies to think differently and find new opportunities has allowed for the continued upward trend in exports.
Director General Mr. Ajay Sahai, the FIEO, reported that the time period that has likely been the worst for Indian export growth is likely behind and moving forward, based on demands for technology-based products and services; those markets appear to grow over the next few years. A cumulative total of Rs. 5,08,128.65 crore (US$ 562.13 billion) in merchandise and services were exported by India from April through November of FY26 and reflects an improved rate of growth over last year. Exporters indicated there are trade agreements currently in place or soon to be in place, such as the agreements with the United Kingdom and Oman, and the ongoing negotiations with New Zealand and many other countries, that will be contributing to increased export opportunities. The report states the additional prospects for future bilateral trade agreements with the United States and an eventual progression to a trade agreement with the European Union. Overall, there is a solid outlook for the future growth of India's exports supported by strategic initiatives to provide market access and significant demand for products from the global marketplace.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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