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Exports to rebound in FY26, likely to reach $1 trillion: FIEO
Financial Express Lucknow
|May 28, 2025
INDIA'S OVERALL EXPORTS are expected to reach $1 trillion this financial year, as global buyers look to diversify their sourcing amid rising tariffs.
The shipments will be aided by more trade agreements with the most important economies coming into force, the apex body of exporters said on Tuesday.
This would mark a 21.2% increase over last year's $824.9 billion. In FY26, merchandise exports are expected to grow by 12% to reach $525-535 billion, while services exports are projected to rise 20% year-on-year to $465-475 billion, according to SC Ralhan, president of the Federation of Indian Export Organisations.
If the predictions hold true, it would mark a remarkable turnaround for goods exports, which declined by over 3% in FY24 and saw flat growth in FY25. Services exports, on the other hand, have remained relatively buoyant and are steadily increasing their share in the country's overall exports.
This story is from the May 28, 2025 edition of Financial Express Lucknow.
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