Electronics, agriculture, and pharma power India’s global trade sprint as the country targets a landmark $1 trillion in exports by FY26, noted FIEO in a recent report.
India is poised to achieve total exports worth $1 trillion in the financial year 2025–26, according to the Federation of Indian Export Organisations (FIEO). This forecast encompasses both goods and services, reflecting strong momentum across multiple key sectors.
India’s total exports in FY25 stood at $825 billion, marking a 6.01% year-on-year increase from $778.1 billion in FY24. This performance came despite a challenging global economic environment.
Sectors such as electronics, petroleum, agriculture, and pharmaceuticals are driving this upward trend. Petroleum product exports are expected to contribute around $70 billion. Electronics could add $60 billion, while agriculture may account for $55 billion.
FIEO President S C Ralhan stated that merchandise exports are expected to grow to between $525 billion and $535 billion, up from $437 billion in 2024–25. Services exports are also projected to rise sharply, reaching between $465 billion and $475 billion, compared to $387 billion last year.
“The growth underscores the robust fundamentals of Indian exports despite global headwinds, including geopolitical tensions, inflationary trends, and supply chain disruptions,” he explained. “Exporters have responded with agility and innovation, supported by rising demand across key sectors.”
According to government data, merchandise exports from April to February in FY25 remained largely unchanged at $395.63 billion, showing only a marginal 0.06% rise from the previous year. However, non-petroleum exports grew by 6.43%, reaching $337.01 billion.
To support this growth trajectory, FIEO has called on the government to enhance policy support. It has recommended forming sector-specific task forces and developing a national framework to streamline compliance with the Destination Procurement Program (DPP) requirements.
FIEO also suggested grants and technical aid for small businesses to implement product traceability and lifecycle management systems. These steps, the organisation believes, will help maintain India’s competitive edge in global trade.
