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Economic Survey 2025-26 Sets Stage for Export Boom, Says FIEO

The Federation of Indian Export Organisations (FIEO) has welcomed the Economic Survey 2025-26, stating it provides a strong foundation for policy reforms to accelerate export growth and deepen India's integration into global value chains. The industry body highlighted that India's total exports reached an all-time high of $825.3 billion in the last fiscal year, driven by a stellar 13.6% growth in services exports. FIEO President S C Ralhan credited the government's sustained policy reforms for the rising competitiveness of Indian exporters, reflected in record non-petroleum exports and robust foreign exchange reserves. The survey is seen as reinforcing India's emergence as a trusted and resilient global trading partner amid worldwide economic volatility.

Key Points: FIEO: Economic Survey Lays Foundation for Export Growth

  • Record $825.3B exports in FY25
  • Services exports grew 13.6%
  • Non-petroleum exports hit new highs
  • Forex reserves exceed $700B
  • Survey reinforces India as resilient global partner
2 min read

Economic Survey lays foundation for policy reforms to boost exports: FIEO

FIEO praises Economic Survey 2025-26 for outlining policy reforms to boost India's exports, improve logistics, and strengthen global trade role.

"India's record‑breaking exports... clearly reflect the success of the Government's sustained policy reforms - S C Ralhan, FIEO"

New Delhi, Jan 29

Economic Survey 2025-26 provides a strong foundation for policy reforms to accelerate export growth, improve logistics efficiency, lower input costs, expand market access and deepen India's role in global value chains, the Federation of Indian Export Organisations said on Thursday.

The industry body welcomed the Survey, saying it highlighted the decisive role of the external sector -- exports, imports and services -- as a cornerstone of stability, growth and global confidence.

"The Survey presents a compelling, forward-looking and highly credible assessment of India's economic strength and resilience, underlining the decisive role of the external sector," the statement from the organisation said.

India's total exports reached an all‑time high of $825.3 billion in FY25, up 6.1 per cent, led by services exports of $387.6 billion, which grew 13.6 per cent, it noted.

FIEO highlighted achievement of record levels in non-petroleum exports further underscores the success of diversification efforts and reduced exposure to global commodity price shocks.

"India's record‑breaking exports, stellar performance in services, a comfortable current account position and robust foreign exchange reserves clearly reflect the success of the Government's sustained policy reforms and the rising competitiveness of Indian exporters and service providers," said S C Ralhan, President, FIEO.

Economic Survey 2025-26 powerfully reinforces India's emergence as a trusted, resilient and indispensable global trading partner, even as the world economy continues to face volatility, fragmentation and uncertainty, Ralhan said.

The FIEO President observed that the skyrocketing of India's share in global merchandise and services exports validated the government's long-term, consistent and strategic export vision.

"The growing dominance of non-petroleum and non-gems exports is especially encouraging, pointing towards deeper manufacturing capabilities, higher value addition and a more sophisticated export basket," Ralhan added.

FIEO welcomed the survey's recognition -- drawing on UNCTAD analysis -- that India ranks among the leading economies globally in trade partner diversification.

It noted that moderate current account deficit of around 1.3 per cent of GDP, record remittances of $135.4 billion and foreign exchange reserves exceeding $700 billion highlighted India's external sector management and provided nearly 11 months of import cover.

- IANS

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Reader Comments

S
Shreya B
While the numbers look good, I hope these policy reforms actually reach the small and medium exporters. Often, big industry bodies get heard, but the real challenges are faced by smaller players with logistics and compliance costs. The survey must translate to ground-level ease of doing business.
A
Arjun K
The focus on non-petroleum exports is the right way forward. Reducing dependence on commodities makes our economy more resilient. We need to push 'Make in India' even harder and become a manufacturing hub for the world. The $700 billion+ forex reserves are a solid safety net.
M
Michael C
As someone working in the export sector, I can see the improvement. Digital initiatives for customs and documentation have saved us a lot of time. The record remittances of $135 billion also show the strength of the Indian diaspora. A positive story overall.
P
Priya S
Great to see services exports leading the charge! But we must not forget about manufacturing. We need to create more jobs within India. Deepening our role in global value chains is key. Let's hope the policy reforms are implemented swiftly. Jai Hind!
K
Karthik V
The survey sounds optimistic, but the global economy is still volatile. The real test will be sustaining this growth. We need to focus on quality and innovation, not just quantity. Also, lowering input costs for exporters is crucial to stay competitive with Vietnam and Bangladesh.

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