New Delhi, June 16: India has achieved a historic milestone in external trade, with total exports reaching an all-time high of USD 863 billion in FY26, led by strong performance in the services sector.
According to official and industry estimates, services exports remained the primary engine of growth, supported by robust global demand for IT services, digital solutions, business process outsourcing, and other knowledge-based industries. This sustained momentum helped India achieve record export levels despite global economic uncertainties.
Officials noted that the services sector continues to play a pivotal role in strengthening India’s position in global trade, reinforcing its reputation as a leading hub for technology-driven and high-value exports. The sector’s resilience has also helped offset volatility in global merchandise trade.
Merchandise exports contributed to the overall record performance, supported by gradual recovery in global demand and diversification into new international markets. However, services remained the dominant contributor throughout FY26.
Experts highlighted that the milestone reflects India’s growing integration into global supply chains, increasing competitiveness in the digital economy, and the expanding global footprint of its skilled workforce.
The achievement underscores the impact of sustained policy support, infrastructure improvements, and export facilitation measures aimed at enhancing India’s global trade competitiveness.