New Delhi, Aug 12: India’s exports have grown by around 15 per cent during the first four months of the current financial year, giving fresh momentum to the government’s ambitious goal of taking the country’s total exports to $1 trillion in 2026-27.
Commerce and Industry Minister Piyush Goyal said the early performance was encouraging and reflected the efforts of Indian businesses to expand their presence in global markets despite a challenging international environment.
India recorded total exports of around $863 billion in 2025-26, covering both goods and services. The government is now working to build on that base and achieve further growth during the current financial year.
The export growth comes amid continued uncertainty in global trade, with businesses dealing with geopolitical tensions, changing trade policies, fluctuating shipping costs and uneven demand across major markets.
Despite these challenges, Indian exporters have continued to find opportunities in overseas markets. The government is focusing on creating conditions that can help businesses increase production, improve competitiveness and reach a wider customer base.
Small and medium-sized enterprises are expected to play an important role in this effort. Greater participation from businesses outside the country’s traditional export centres could help broaden India’s export base and create more opportunities for local manufacturers and service providers.
The government is also working to improve access to international markets through trade agreements. Such agreements can give Indian companies better opportunities to sell their products and services overseas while encouraging stronger links with global supply chains.
Manufacturing is expected to remain an important part of the export strategy, with sectors such as electronics, engineering goods, pharmaceuticals, textiles and chemicals offering significant potential. India’s services sector, particularly information technology and other professional services, will also remain a major contributor.
However, reaching the $1 trillion mark will require the current momentum to continue throughout the year. Exporters will need to remain competitive on quality, pricing, technology and delivery while adapting to changing international demand.
Global developments will also remain an important factor. Higher energy costs, currency movements and geopolitical tensions could affect the cost of production and transportation and influence demand in key markets.
For businesses, the government’s export ambition represents both a challenge and an opportunity. Expanding into new markets can help companies grow, increase investment and create employment, while a broader export base can strengthen India’s position in global trade.
The 15 per cent growth recorded in the opening months provides a positive foundation. The key task now will be to sustain that pace and ensure that more Indian businesses are able to participate in and benefit from the country’s expanding role in the global economy.