India Achieves Record Export Growth in FY 2026

India has achieved a remarkable milestone in its export sector during the fiscal year 2026, with exports surpassing ₹15 crore every minute. The Commerce Ministry's recent data reveals a significant increase in both goods and services exports, despite global economic challenges. Notably, service exports have reached an all-time high, driven by rising global demand for IT and professional services. This article explores the details of India's export performance and its implications for the economy.

By Narendra Chaudhary May 6, 2026, 20:09 IST

Record Export Milestone

In a remarkable development, India has witnessed a significant surge in exports during the fiscal year 2026. The country achieved an impressive export figure of over ₹15 crore every minute. On Wednesday, the government released data regarding exports and imports, revealing various insights into the economic landscape. Let's delve into the details of the data shared by the government.

Export Figures Soar

According to revised figures from the Commerce Ministry, despite global economic uncertainties, the export of goods and services from India rose from $825.26 billion in 2024-25 to $863.11 billion in 2025-26, marking a 4.6% increase. This translates to an average daily export of over ₹22,325 crore. In fact, the country exported more than ₹930 crore every 24 hours, equating to over ₹15.50 crore every minute. The data also indicated that merchandise exports increased slightly from $437.70 billion in 2024-25 to $441.78 billion.

Surge in Service Exports

An official noted that despite challenges in global trade, India's merchandise exports maintained their upward trajectory, contributing significantly to the overall export basket. However, the standout performance came from service exports, which reached an all-time high of $421.32 billion in 2025-26, reflecting an 8.71% increase from $387.55 billion in 2024-25. This rapid growth underscores the rising global demand for services such as IT, business solutions, and professional expertise, further solidifying the country's strengths in the service sector.