Blitz Bureau
NEW DELHI: India’s total exports of both goods and services surged by close to 85 per cent from $468 billion in 2014-15 to $863 billion in 2025-26, according to data released by the Commerce and Industry Ministry on June 16.
Total exports have recorded an annual growth of 5.7 per cent during the last 12 years, while the services sector has witnessed a remarkable increase of over 9 per cent in exports.
Goods shipments shot up from $310 billion in 2014-15 to $442 billion in 2025-26, with a significant growth being registered in the export of engineering goods and electronic products in recent years. This reflects the growing manufacturing capacity in the country that has enabled the switch to high-value goods in the export basket.
Services exports jumped from $158.1 billion to $421.3 billion during this period. The share of the services sector in India’s total exports rose from 33.8 per cent in 2014-15 to 48.8 per cent in 2025-26, driven by the rapid expansion of the IT sector, growth in global capability centres (GCCs), and a post-pandemic shift towards digital delivery of services, the official statement said.
Over the last 12 years, the services exports have recorded robust growth since 2014-15, except in 2020-21 when they were affected by the Covid-19 pandemic.
Software services, accounting for over 40 per cent of total services exports, remain the primary growth driver. Professional and management consulting emerged as the second-largest contributor.
