India’s exports reach $860 billion, trade deficit widens to $119.3 billion

New Delhi: India’s exports for the Financial Year 2025-26 have reached $860 billion despite geopolitical challenges including the US tariffs and the Middle East war, data shared by the goverment showed.

The export growth represents a 4.22% growth over the previous year, though this isn’t a cause of celebration as imports have grown to $979.4 billion from $919.92 billion last year. As a result, the trade deficit has widened to $119.9 billion, driven by a surge in essential imports-including energy and electronics- outpaced the gains in outbound shipments. 

Services: The Resiliant Trump Card

India’s service sector continues to be the star performer in our export basket, with exports climbing to $418.31 billion driven by global demand for IT consulting, specialized engineering, and Global Capability Centers (GCCs). 

Goods Exports Rise despite challenges

India’s goods exports have also risen, with automobiles, electronics and engineering goods exports sustained through consistent global demand.

Bharat sets a new export record! 🇮🇳📈

A matter of great pride as India achieves record exports of $860 billion in FY 2025-26.

This milestone, achieved despite global headwinds, reflects the country’s resilience and its growing strength in expanding its global trading footprint.… pic.twitter.com/BlBv7wRCgS

— Piyush Goyal (@PiyushGoyal) April 15, 2026

“Bharat sets a new export record! A matter of great pride as India achieves record exports of $860 billion in FY 2025-26,” Commerce Minister Piyush Goyal posted on X as the government aims to showcase this as an achievement despite global headwinds and the growing strength in India’s manufacturing capabilities.