India’s export landscape is set to achieve a historic milestone in the coming fiscal year, with total exports of goods and services projected to cross $1 trillion. This marks a 21% year-on-year growth, underscoring the country’s strong global trade positioning amid ongoing geopolitical headwinds and economic challenges.
📈 Surpassing Records, Building Momentum
India’s exports reached an all-time high of $825 billion in FY 2024-25, up from $778 billion the year prior. This robust performance reflects India’s diversified export basket and resilience in the face of disruptions such as the Russia-Ukraine conflict, global inflation, and supply chain recalibrations.
The projected growth for FY 2025-26 is being driven by a surge in demand for Indian-made goods and services, with sectors like electronics, engineering, pharmaceuticals, textiles, chemicals, and agriculture playing key roles.
🔑 Factors Fueling the Export Engine
One of the biggest drivers of India’s export push has been the strategic use of Free Trade Agreements (FTAs). Deals with countries like the UAE, Australia, and the European Free Trade Association (EFTA) are expanding India’s market access and reducing tariff burdens.
The Trade and Economic Partnership Agreement (TEPA) with EFTA alone is set to bring in $100 billion in investments over the next 15 years, acting as a strong pillar for long-term economic collaboration and industrial capacity expansion.
The government’s focus on well-structured FTAs with developed nations highlights its commitment to sustainable trade growth, deeper integration into global value chains, and stronger diplomatic trade ties.
🧾 India’s FY 2025-26 Export Forecast at a Glance
| Category | FY 2024-25 (Actual) | FY 2025-26 (Projected) | Growth Rate |
|---|---|---|---|
| Total Exports (Goods + Services) | $825 billion | ~$1 trillion | 21%+ |
| Merchandise Exports | ~$470 billion (est.) | $525–535 billion | ~12% |
| Services Exports | ~$355 billion (est.) | $465–475 billion | ~20% |
| Top Growth Sectors | Electronics, Engineering, Pharma, Textiles, Chemicals, Agriculture | Continued Momentum | — |
| Major FTAs Impacting Growth | UAE, Australia, EFTA | Enhanced Market Access | — |
| TEPA Investment Commitment | — | $100 billion (over 15 years) | — |
🌐 Looking Ahead
India’s expanding global footprint, backed by bold trade policies, a diversified export base, and collaborative diplomacy, is propelling the country toward its ambitious $1 trillion export target. While external risks remain, India’s agility in trade negotiations and sectoral growth momentum signal continued strength in the global marketplace.
Glottis Limited 
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