Indian Economy News

The cumulative exports (merchandise & services) during 2025-26 (April-March) are estimated at Rs. 80.23 lakh crore (US$ 860.09 Billion), as compared to Rs. 71.91 lakh crore (US$ 825.26 Billion) in 2024-25 (April-March), an estimated growth of 4.22%

India’s external trade performance in FY26 (April-March) reflects steady growth, with total exports (merchandise and services combined) estimated at Rs. 80.23 lakh crore (US$ 860.09 billion), registering a 4.22% increase over Rs. 71.91 lakh crore (US$ 825.26 billion) in 2024-25. Merchandise exports stood at Rs. 41.21 lakh crore (US$ 441.78 billion), showing a marginal growth of 0.93%, while non-petroleum exports reached Rs. 36.18 lakh crore (US$ 387.88 billion), growing by 3.62%. Services exports emerged as a key growth driver, rising to Rs. 39.02 lakh crore (US$ 418.31 billion) from Rs. 33.78 lakh crore (US$ 387.55 billion) in the previous fiscal, highlighting the continued strength of India’s services sector.

Monthly, India’s total exports for March 2026 were estimated at Rs. 6.91 lakh crore (US$ 74.11 billion), while imports stood at Rs. 7.14 lakh crore (US$ 76.55 billion), leading to a trade deficit of Rs. 22,760 crore (US$ 2.44 billion). Despite a slight decline in monthly exports, several sectors recorded strong growth, including petroleum products, engineering goods, minerals, cereals and handicrafts. Notably, services trade continued to deliver a significant surplus of Rs. 19.95 lakh crore (US$ 213.89 billion) in 2025-26, compared to Rs. 16.46 lakh crore (US$ 188.84 billion) in the previous year. Key export destinations showing strong growth included Singapore, Malaysia, China, Tanzania and Sri Lanka, indicating diversification and resilience in India’s trade basket.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.