India exports grow steadily despite global challenges; highlights India’s export resilience

India’s exports have registered a growth of 4 to 5 per cent in the first six months of the current financial year, Union Commerce and Industry Minister Piyush Goyal said. He highlighted this during the Global Fintech Fest in Mumbai, calling it a sign of India’s resilience amid global economic turbulence. Despite challenges such as rising trade fragmentation, geopolitical conflicts, fluctuations in financial markets, and supply chain disruptions, the country has maintained a positive export trajectory.

Piyush Goyal emphasised that both goods and services exports are in positive territory from April to September 2025, contrasting with a below one per cent growth in global trade reported by the World Bank. He underlined India’s strong macroeconomic fundamentals, expanding trade relations with developed countries, and a focus on providing consumers with high-quality products at low tax rates as key reasons for this resilience.

The Minister also pointed out that India’s leadership in renewable energy complements this growth, with 24-hour renewable power supplied at under 9 cents per kilowatt hour, supporting the development of advanced technologies like artificial intelligence. India is also making strides in digital payments, with the UPI system gaining adoption internationally.

India’s merchandise exports between April and July 2025 stood at USD 149.20 billion, marking a growth of just over 3 per cent from the previous year. The cumulative exports of goods and services reached USD 277.63 billion, an increase of 5.23 per cent year-on-year. The government has set an ambitious export target of USD 1 trillion for the full financial year 2025-26, reflecting confidence in continued growth.

Goyal emphasised that India is ready for free trade agreements with other countries but asserted that any form of discrimination against Indian exports would not be tolerated, as it affects the self-confidence and self-respect of the country’s population. The minister expressed optimism that India’s exports will surpass last year’s levels by the end of 2025.

This report reflects India’s growing role as an emerging economic power, with a trade strategy focused on diversification, innovation, and sustainable energy to maintain momentum in global markets.