India’s exports have grown by 4–5 percent in the first half of the financial year 2025–26, signalling steady momentum despite global economic challenges, Commerce and Industry Minister Piyush Goyal said during his visit to Qatar.
“India is an emerging economic power in the world. Despite global turmoil, Indian exports have risen by 4–5 per cent in the first six months of this year. This indicates that India is emerging as a leader,” Goyal told ANI.
Reaffirming India’s commitment to fair trade practices, Goyal said the country remains open to free trade agreements but will not compromise on national self-respect. “If any country wants to enter into a free trade agreement with us, we are always ready. But any form of discrimination affects the self-confidence and self-respect of India’s 1.4 billion citizens. We will neither bow down nor ever appear weak. Together, we will continue moving forward and capture new markets,” he stated, adding that exports are poised to surpass last year’s record.
According to the Ministry of Commerce & Industry, India’s total exports in FY2024–25 hit an all-time high of USD 824.9 billion, marking a 6.01 percent rise over USD 778.1 billion in FY2023–24 — exceeding the government’s projection of USD 800 billion.
For April–July 2025, merchandise exports reached USD 149.20 billion, up 3.07 percent year-on-year, while cumulative exports of goods and services stood at USD 277.63 billion, reflecting a 5.23 percent annual increase. Exports in July 2025 alone totalled USD 68.25 billion, up from USD 65.31 billion in July 2024.
The government has set an ambitious target of USD 1 trillion in exports for FY2025–26.
Backing India’s strong performance, the World Bank’s latest South Asia Development Update highlighted the nation’s economic resilience and projected it to remain the fastest-growing major economy, driven by robust consumption, improved agricultural output, and rising rural wages.
