New Delhi: India’s total exports touched a record USD 863 billion in FY 2025-26, marking a significant milestone in the country’s trade journey, according to the Ministry of Commerce. The figure represents a sharp rise from USD 468 billion in FY 2014-15, reflecting a compound annual growth rate (CAGR) of 5.7 per cent over the period.
The figures were shared by Nitin Kumar Yadav, Additional Secretary in the Union Ministry of Commerce, during a convention of exporters, industry bodies and farmer producer organisations in Chandigarh.
According to Yadav, merchandise exports increased from USD 310 billion to USD 442 billion over the past decade, while services exports witnessed even faster growth, surging from USD 158 billion to USD 421 billion at a CAGR of 9.3 per cent. Non-petroleum exports also reached a record USD 387.9 billion, highlighting the diversification and resilience of India’s export basket.
The announcement came alongside the inauguration of the regional office of the Agricultural and Processed Food Products Export Development Authority (APEDA) in Chandigarh, aimed at strengthening agricultural and food product exports from northern India.
Yadav highlighted a series of major trade agreements that have expanded India’s access to global markets and strengthened its position in international value chains. Among them is the India-EFTA Trade and Economic Partnership Agreement (TEPA) 2025, which is backed by a proposed foreign direct investment commitment of USD 100 billion and offers duty-free access to nearly 98 per cent of Indian exports.
He also pointed to the India-European Union Free Trade Agreement (FTA) 2026, which is expected to provide tariff concessions on 99 per cent of bilateral trade by value and support Indian exports worth an estimated Rs 3.2 lakh crore across 27 European economies.
Additionally, agreements such as the India-Mauritius CECPA and the India-UAE CEPA have enhanced market access for Indian goods, with bilateral trade between India and the UAE already surpassing USD 80 billion.
The commerce ministry official noted that states such as Punjab and Haryana stand to benefit significantly from these developments, particularly in sectors including textiles, engineering goods, food processing, rice exports, dairy products, pharmaceuticals and chemicals.
The latest export figures underscore India’s growing integration with global markets and its ambitions to emerge as a major international trade and manufacturing hub.
