India’s export sector has continued its strong performance into FY 2026-27, with total exports reaching US$ 568.84 billion during April-October, marking a 16.66% year-on-year growth. This growth is driven by both merchandise and services exports, which recorded increases of 21.96% and 10.93%, respectively. The momentum is sustained across the first half of the fiscal year, with total exports hitting a record US$ 479.0 billion during April-September.
Key sectors contributing to this growth include electronic goods, which surged 44% year-on-year, and agricultural products like basmati rice and yellow dent corn. The export footprint has also expanded globally, with significant gains in markets such as Singapore, Malaysia, and Spain. Additionally, India’s services exports have grown at a compound annual rate of 10.3% between 2015 and 2025, outpacing the global average.
The broader economic context supports this export growth, with India’s GDP growing at 7.8% in April-June and unemployment declining to 5.1% in July-September. Major international organizations project continued strong growth for FY 2026-27, reinforcing the positive outlook for India’s trade sector.