India’s overall exports are anticipated to reach $1 trillion: FIEO

The Federation of Indian Export Organizations (FIEO) projects that India’s total exports of products and services would reach $1 trillion in the current fiscal year 2025–2026. It is anticipated that the nation’s merchandise exports will increase from $437 billion in 2024–2025 to $525–$535 billion in 2025–2026. This fiscal year, services exports are also anticipated to rise significantly, from $387 billion to roughly $465–475 billion.

This upbeat prediction follows India’s $825 billion in total exports in 2024–2025, demonstrating robust growth in spite of global economic challenges. Exports in FY24 increased by 6.01 percent over $778.1 billion in FY19.

According to data released by the Ministry of Commerce and Industry, non-petroleum exports increased by 6.43 percent to reach $337.01 billion, up from $316.64 billion a year earlier, while merchandise exports during April-February 2024-25 stayed relatively flat at $395.63 billion, a slight increase of 0.06 percent from $395.38 billion.

Sectors such as petroleum products are likely to contribute $70 billion, electrical and electronics $60 billion, and agriculture $55 billion. The machinery and chemicals sectors are expected to contribute $40 billion each; pharmaceuticals $30 billion; apparel and made-ups $23–25 billion; and gems and jewellery $30–35 billion. These sectors are likely to play a pivotal role in pushing exports. The FIEO has urged policymakers to support exporters with a conducive policy environment and incentives to maintain this growth trajectory.