Merchandise and Service Shipments See Healthy Growth in FY26
According to the Ministry of Commerce, India’s total exports (merchandise and services combined) reached a record $860.09 billion in the fiscal year ended March 31, 2026 (FY26). While this represents a solid growth trajectory from the $825.26 billion recorded in FY25, it fell short of the government’s ambitious $1 trillion export milestone.
Recalibrated Timeline and Export Strategy
Due to global supply chain challenges and geopolitical tensions, the government has adjusted the timeline for hitting the $1 trillion export target, pushing it back to FY27 or beyond. Officials remain confident that ongoing trade agreements, infrastructure upgrades, and local manufacturing incentives will continue to drive export growth in the coming quarters.
