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India's Global Trade Share Doubles, Exports Hit Record $825 Billion in FY25

The Economic Survey 2025-26 highlights India's steady rise as a key global trade player, with its share of merchandise and services exports more than doubling since 2005. Total exports reached a record $825.3 billion in FY25, driven by robust 13.6% growth in services exports. Key merchandise growth drivers include electronics, pharmaceuticals, and automobiles, while agricultural exports have shown strong compound annual growth. The Survey underscores India's trade resilience and its deepening integration into global value chains through new agreements.

Key Points: India's Rising Global Trade Share & Record Exports: Eco Survey

  • Merchandise export share doubled since 2005
  • Services exports hit $387.6B record
  • Electronics & pharma are key growth drivers
  • Agricultural exports have 8.2% CAGR
2 min read

India rising steadily as key player in global trade, says Eco Survey

India's share in global merchandise & services exports doubled. FY25 exports hit $825.3B record, driven by electronics, pharma & GCCs.

"India's external performance demonstrates resilience to global shocks - Economic Survey 2025-26"

New Delhi, Jan 29

India's steady rise as a key player in global trade is evident in its increasing share of both global merchandise exports and commercial services exports, said the Economic Survey 2025-26 released on Thursday.

According to the WTO's World Trade Statistics, between 2005 and 2024, India's share of global merchandise exports has nearly doubled, rising from 1 per cent to 1.8 per cent.

Similarly, its share in global commercial services exports has more than doubled, rising from 2 per cent to 4.3 per cent.

The Survey states that India's external performance demonstrates resilience to global shocks and highlights the structural characteristics associated with a rapidly growing economy that is integrating more deeply into global markets.

Notably, India's total exports reached a record $825.3 billion in FY25, registering a 6.1 per cent year-on-year growth, driven primarily by robust growth in services exports which experienced a 13.6 per cent (YoY) increase.

This export momentum continued into FY26, with Q1, Q2 and Q3 recording the highest-ever exports for the respective quarters despite global uncertainties.

The country's merchandise exports totalled $437.7 billion in FY25, in which Non-petroleum exports reached a historic high of $374.3 billion.

Electronics, pharmaceuticals, electrical machinery and automobiles emerged as key export growth drivers, reflecting rising competitiveness in higher-value manufacturing segments, said the Survey.

Agricultural exports increased from $34.5 billion in FY20 to $51.1 billion in FY25, registering a CAGR of 8.2 per cent.

The country has the potential to reach $100 billion of combined exports of agriculture, marine products and food and beverage in the next four years, the Survey highlighted.

The recently concluded India-UK CETA and India-Oman CEPA, and ongoing engagements with the US, Chile and Peru, underpins India's diversified trade strategy and supports deeper integration into global value chains, it added.

Meanwhile, services exports touched an all-time high of $387.6 billion in FY25, growing by 13.6 per cent.

The Survey noted that this growth is also due to the country's success as a global hub for Global Capability Centres (GCCs), which grew at a 7 per cent CAGR from FY20 to FY25.

- IANS

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Reader Comments

P
Priya S
Great to see services exports booming! The GCC growth story is real - so many of my friends in Bangalore and Hyderabad are part of these global centers. It's creating high-quality jobs.
R
Rohit P
While the numbers look good, I hope this growth is reaching the small farmers and MSMEs. The article mentions agri exports, but are our farmers getting better prices? That's the real test.
S
Sarah B
As someone working in trade finance, I've seen this shift firsthand. The diversification into new markets like the UK and Oman is smart strategy. Reduces over-dependence on any one region.
V
Vikram M
$100 billion target for agriculture and food exports is ambitious but achievable. We need better cold chains and food processing units. Make in India for the world's dinner plate!
K
Karthik V
The resilience during global uncertainty is the key takeaway. While other economies struggled, we kept growing. Shows strong fundamentals. Now need to push manufacturing exports even more.

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