India has achieved a record-breaking export performance, with total exports—including services—reaching $860.1 billion in the 2025–26 fiscal year.
Merchandise exports stood at $441.8 billion, marking a modest 1% increase from the previous year despite disruptions caused by West Asian conflicts.
Imports, however, rose by 7.5% to $775 billion, driven largely by increased gold and silver purchases, resulting in a widened trade deficit of $333 billion.
Exports declined by 7.6% in March to $38.9 billion, although imports also dropped by 6.4% to $59.6 billion, bringing the monthly trade deficit down to a nine-month low of $20.7 billion.
Overall imports, including services, climbed by 6.4% to nearly $920 billion.
India’s Commerce and Industry Minister Piyush Goyal described the achievement as a major milestone, highlighting the country’s resilience and growing strength in global trade despite challenging international conditions.
