Despite a challenging global economic environment, merchandise exports registered only marginal growth, rising by 0.93 percent to USD 441.78 billion. This subdued performance in goods exports highlights the continued pressure on global trade in the manufacturing and commodity segments.
In contrast, the services sector emerged as the primary growth driver, delivering strong performance throughout the fiscal year. Services exports surged by 8.71 percent to reach an all-time high of USD 421.32 billion. The robust expansion underscores the rising global demand for India’s information technology services, business solutions, and professional expertise.
The consistent upward trajectory in services exports further reinforces India’s position as a leading global hub for high-value services. The sector’s performance reflects strong international competitiveness and sustained demand across key global markets.
Overall, the record export performance highlights the resilience of India’s external trade sector, with services playing a decisive role in offsetting the subdued growth in merchandise exports and driving the country’s overall export expansion.
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