Despite supply chain disruptions and geopolitical volatility, India’s merchandise and services exports grew 5.26% in the first ten months of FY26, backed by a strengthened policy framework and the newly launched RELIEF scheme.
India’s total exports of merchandise and services rose to USD 714.73 billion during April to January of FY 2025-26, registering a growth of 5.26% compared to USD 679.02 billion in the same period of the previous year. Over the four-year period from FY 2021-22 to FY 2024-25, exports achieved a compound annual growth rate of 6.9%, climbing from USD 497.90 billion in FY 2020-21 to USD 828.25 billion in FY 2024-25.
The government has reinforced this trajectory through the Foreign Trade Policy 2023 and the Export Promotion Mission 2, approved with a budgetary outlay of Rs 25,060 crore for FY 2025-26 to FY 2030-31. The mission operates through Niryat Protsahan, focusing on trade finance, and Niryat Disha, targeting export logistics, warehousing, and market access, with a specific emphasis on MSME competitiveness.
In direct response to the West Asia disruptions, the government has notified the time-limited RELIEF scheme through the Export Credit Guarantee Corporation of India. On the trade diplomacy front, India now has 19 Free Trade Agreements in place, with eight major agreements concluded or advanced since 2021, including the India-EU FTA offering access to nearly the entire EU tariff universe.
Source: Press Information Bureau (PIB)
