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Indian exports to reach $1 trillion by next year
The Island
|May 30, 2025
India’s overall goods and services exports are expected to reach $1 trillion in FY26, the Federation of Indian Export Organisations (FIEO) said Tuesday.
This will be possible because of more trade agreements with key trade partners coming into force amid Indian export consignments having gradually started moving through the Red Sea route again, the FIEO added.
In 2024-25, India’s exports were $825 billion. FIEO President S C Ralhan said that merchandise exports will increase to $525-535 billion this fiscal from $437 billion, led by electronics, agriculture and petroleum products while services exports are seen rising to $465-475 billion from $387 billion.
Another factor will be the foreign buyers particularly in the US looking beyond China to source their goods.
India could also get some of China’s business including companies like Apple, due to its ongoing trade conflict with the US. But it may be limited to around $5 billion, the body said.
Cette histoire est tirée de l'édition May 30, 2025 de The Island.
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