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

India's export sector has demonstrated remarkable resilience, achieving an all-time high of $863 billion in FY 2025-26 despite significant geopolitical headwinds. This milestone comes despite the dual challenges of rising US tariffs and the ongoing West Asia conflict, signaling a robust recovery in the nation's trade ecosystem.

Resilience Amid Global Headwinds

The fiscal year 2025-26 was marked by intense global uncertainty, yet India managed to push its total exports to a historic $863 billion. According to Ajay Bhadoo, Additional Secretary in the Department of Commerce, the ability to navigate through US tariff measures and the West Asia crisis highlights the strength of India's supply chains.

A significant trend highlighted by the Ministry is the long-term growth trajectory; India's total exports have nearly doubled over the last decade, rising from approximately $441 billion to the current $863 billion mark. This growth has been fueled by a diversified basket of high-value sectors, including engineering goods, petroleum products, electronics, pharmaceuticals, gems and jewellery, and chemicals.

Gujarat: The Engine of Export Growth

Gujarat has solidified its position as a powerhouse in India's outbound shipments, contributing nearly $110 billion to the national export total. The state's Special Economic Zones (SEZs) have played a pivotal role in this surge, acting as critical hubs for investment and innovation.

Data shared by Dnyaneshwar B Patil, Zonal Development Commissioner of Kandla Special Economic Zone (KASEZ), reveals the massive scale of operations in Gujarat. Exports from the state's SEZs rose from ₹21,79,808 crore in 2014-15 to ₹23,00,793 crore in 2025-26. Currently, Gujarat accounts for roughly 21% of India's total SEZ-driven exports. Furthermore, investments in these zones have climbed to ₹22,28,624 crore, supporting a massive workforce that has grown from 63,475 to over 2.22 lakh jobs.

The Semiconductor Push and Future Roadmap

Важливим наріжним каменем майбутньої експортної стратегії Індії є напівпровідникова промисловість. Уряд активно просуває нові SEZ, щоб зміцнити внутрішнє виробництво. В Гуджараті було оголошено про створення чотирьох основних напівпровідникових SEZ за підтримки таких галузевих гігантів, як Tata Semiconductor Manufacturing Private Limited (з новим підрозділом у Дхолері), CG Semi Technologies, Kaynes Semicon та Micron Technology.

Цей фокус узгоджується із ширшими національними стратегіями «Make in India», «Atmanirbhar Bharat» та «Viksit Bharat 2047». Надалі дорожня карта SEZ Гуджарату є амбітною: вона передбачає щорічне зростання експорту на 20% та збільшення рівня зайнятості на 10% щороку.

Основні висновки