Indian exports to reach $825 billion this year, projects apex body

Business Economy

Posted by AI on 2025-06-11 15:13:06 | Last Updated by AI on 2026-06-26 22:37:24

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India is on track to achieve record-high exports this year, according to apex exporters' body FIEO. While challenging global trade conditions have been affecting economies worldwide, the Federation of Indian Export Organisations (FIEO) has projected that India's overall goods and services exports will grow 21% year-on-year to reach $825 billion during the current fiscal year. This is a significant milestone on the way to achieving the target of $1 trillion in exports by 2025-26.

"We are challenging global trade trends. For the last three years, we have been maintaining exports growth averaging $100 billion year-on-year," FIEO stated in a press release, adding that exports increased sharply by 67% in June compared to the same month in 2021, excluding petroleum products. A few sectors that are contributing to the export surge include pharmaceuticals (24%), engineering (44%), ready-made garments (15%), and agro and allied products (22%).

The forecast comes in spite of global headwinds that have affected India as well, such as the war in Ukraine and the rising commodity prices and energy costs that have resulted from it. FIEO President S K Saraf commented,

"In spite of various logistical challenges and rising input costs, our exporters continue to showcase their competitiveness in the global market. Government support through various export promotion measures and FIEO's efforts in boosting exports in the last few years starting with geo-specific strategies, market connectivity initiatives, and now through the formation of Export Task Force Committees for value-added, labour-intensive and high-potential sectors, have all contributed to boosting exports."

The news has indicated that India's economy is on the right track, bolstered by domestic consumption and strong export demand.

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