India’s services exports reached $421.3 billion in FY26, beating the earlier estimate of $418.3 billion. This pushed total exports of goods and services to a record $863.1 billion for the year, an official said on Wednesday.
Services exports grew 8.7% compared to $387.55 billion in FY25. Overall exports rose 4.6% from $825.26 billion in the previous fiscal year.
Officials said this is the highest level of total exports so far, supported by consistent performance across sectors despite global economic challenges. They also noted that every quarter of FY26 recorded record export levels.
Growth in services exports was driven by strong global demand for areas like IT services, business support, and professional expertise.
Merchandise exports also rose slightly by 0.93%, reaching $441.78 billion in FY26 compared to $437.7 billion in FY25.
Officials said that even with global uncertainty in goods trade, India’s exports continued to grow steadily and contributed strongly to the overall export performance.
Overall, the data points to a shift toward a more service-led export economy while goods exports remain stable.
