In the first nine months of the current financial year, overall exports grew 4.33% to $634.26 billion, up from $607 billion in the same period last year.
Merchandise exports recorded a 2.44% increase during the April–December period of the current fiscal, while services exports rose 6.46% in the same period.
The Commerce Ministry said that, unless there is a major change in trajectory, India is expected to cross $850 billion in total exports.
Sector-wise, exports of electronic goods rose 16%, while marine product exports increased 11%. Exports also grew to markets including China, the UAE, Malaysia, Hong Kong and Spain.
Merchandise exports to the US rose 9.75% in the first nine months of the current financial year, while shipments to China increased 36.68% during the same period.
The ministry noted that services exports saw negative growth in December 2025 due to a high base, as December 2024 had recorded the highest-ever monthly services exports. Overall exports touched a record $215.7 billion in the third quarter of FY26, the Commerce Ministry said.
Also Read: India needs inflation again: Why nominal GDP, not real growth, is the real Budget 2026 challenge
(Edited by : Ajay Vaishnav)
