India’s exports touched a record $863 billion in FY26, marking the country’s strongest annual export performance so far and offering a positive signal for the economy at a time of global uncertainty.
The growth was largely powered by the services sector, with Indian IT and digital businesses continuing to attract strong overseas demand. Services exports grew by nearly 8.7% during the year, supported by sectors such as software services, consulting, digital solutions, and business support.
The strong performance came despite global trade slowing in several regions due to inflation concerns, geopolitical tensions, and weak consumer demand in major economies. Even under these conditions, Indian companies managed to maintain steady business from international markets.
Government officials said India’s growing role in the global technology and services space played a major role in helping exports stay resilient. Indian firms continued to provide cost-effective and large-scale digital support to businesses worldwide, especially in areas linked to technology and outsourcing.
Apart from services, merchandise exports including engineering goods, pharmaceuticals, electronics, and chemicals also remained stable. While some sectors faced pressure from supply-chain issues and lower international demand, overall export momentum remained intact.
The final export number was revised higher after updated services trade data became available, confirming the new all-time record.
The export growth is expected to support economic activity, create jobs, and improve foreign exchange inflows into the country. It also comes as India continues efforts to expand trade ties with multiple nations through fresh trade agreements and market-access discussions.
Economists say the latest figures underline how important the services sector has become for India’s economy. Over the years, India has steadily strengthened its position as a major exporter of IT and professional services, helping offset fluctuations in global goods trade.
Also Read: Suvendu Adhikari’s PA shot dead near Kolkata
