India’s Exports Hit Record $863 Billion in FY26 Amid Global Headwinds

India has achieved a landmark milestone in its trade journey, with total exports reaching an all-time high of $863 billion in the 2025-26 fiscal year. This significant growth comes despite a volatile global landscape marked by escalating US tariff measures and ongoing geopolitical tensions in West Asia.

Resilience Amid Global Geopolitical Volatility

The fiscal year 2025-26 was characterized by significant external challenges that threatened to disrupt global supply chains. However, according to Ajay Bhadoo, Additional Secretary in the Department of Commerce, India’s export ecosystem demonstrated remarkable resilience. Despite the dual pressures of shifting US trade policies and the Middle East crisis, the nation successfully navigated these headwinds to set a new record.

Looking at the long-term trajectory, India's export capacity has nearly doubled over the last decade. The figures show a massive jump from approximately $441 billion a decade ago to the current $863 billion, signaling a structural shift in India's role in the global economy.

Key Drivers and Sectoral Performance

The surge in outbound shipments has been fueled by a diverse range of high-growth sectors. Key contributors to this record-breaking year include:

This diversification has helped mitigate risks associated with any single sector, allowing the country to maintain momentum even when specific markets faced turbulence.

Gujarat: The Engine of India's Export Growth

Gujarat has solidified its position as a dominant force in India's trade landscape, contributing nearly $110 billion to the nation's total exports. The role of Special Economic Zones (SEZs) in Gujarat has been pivotal in driving this economic surge.

Data shared by Dnyaneshwar B Patil, Zonal Development Commissioner of Kandla SEZ (KASEZ), highlights the transformative impact of these zones. Exports from Gujarat's SEZs rose from ₹21,79,808 crore in 2014-15 to ₹23,00,793 crore in 2025-26. Notably, Gujarat now accounts for roughly 21% of India's total SEZ-driven exports. Furthermore, employment within these zones has seen a massive spike, growing from 63,475 to over 2.22 lakh jobs during the same period.

Розвиток напівпровідникової галузі та дорожня карта на майбутнє

У межах стратегій «Make in India» та «Viksit Bharat 2047» уряд активно переорієнтовується на високотехнологічне виробництво. Важливим кроком є експансія в напівпровідникову індустрію. В штаті Гуджарат було оголошено про створення чотирьох СЕЗ, спеціалізованих на напівпровідниках, за підтримки таких галузевих гігантів, як Tata Semiconductor Manufacturing, Micron Technology, Kaynes Semicon та CG Semi Technologies.

Дорожня карта уряду на майбутнє є амбітною: вона передбачає масштабування СЕЗ з метою досягнення щорічного зростання експорту на 20% та збільшення рівня зайнятості на 10%.

Основні висновки