India’s exports of goods and services are projected to maintain a strong upward trajectory, with total exports expected to reach between ₹76.02 lakh crore and ₹76.93 lakh crore (US$ 840–850 billion) in FY26. This momentum is forecast to accelerate further, taking exports to nearly ₹86.98 lakh crore (around US$ 950 billion) by FY27, supported by expanding trade partnerships and sectoral growth.
A key driver of this anticipated expansion is India’s deepening trade engagement with West Asian nations through Free Trade Agreements (FTAs), alongside rising contributions from services, electronics manufacturing, and technology-led industries. Export growth has also been aided by wider market diversification and sustained global demand for Indian goods and services. Despite challenges such as higher tariffs and climate-related disruptions impacting global trade, Indian exporters have demonstrated adaptability by identifying new markets and business opportunities.
According to Mr. Ajay Sahai, Director General of the Federation of Indian Export Organisations (FIEO), the most challenging phase for export growth appears to be behind the country. He noted that increasing demand for technology-driven products and services is expected to support stronger export performance in the coming years. Between April and November of FY26, India’s cumulative merchandise and services exports stood at ₹5,08,128.65 crore (US$ 562.13 billion), reflecting a faster pace of growth compared to the same period last year.
Exporters also highlighted the positive impact of recently concluded and upcoming trade agreements, including those with the United Kingdom and Oman, as well as ongoing negotiations with New Zealand and several other countries. In addition, discussions around potential bilateral trade arrangements with the United States and the possibility of a future agreement with the European Union are expected to further expand market access for Indian exporters.
Overall, India’s export outlook remains optimistic, supported by proactive trade policies, expanding global partnerships, and strong international demand for Indian products and services.
Summary
India’s exports are expected to grow steadily, potentially reaching US$ 950 billion by FY27, driven by FTAs with West Asian countries, expanding services and electronics sectors, and market diversification. Despite global trade challenges, improved demand for technology-based products and ongoing trade negotiations with key global partners are strengthening India’s long-term export growth prospects.
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